The Media Crisis of 2009

Terry Teachout wrote an excellent article recently in The Wall Street Journal about lessons the media industry can learn from the last big technological and sociological revolution when television replaced radio.

In The New-Media Crisis of 1949 the author accurately framed the debate over what to do with the Internet, mobile space and social networking. Just as important, by inference he was giving us a view of what not to do.

My purpose in bringing this up is to add some additional content to the issue specifically targeting radio, music and new media.

Ironically, networks played a role in the previous technological&hellip