Media sector writes off $200 Billion since 2000

This article by Gordon Crovitz, one of the founders of Journalism onlines explains why the internet is not the friend of Media companies and how this has led to big write off’s across the industry

“For media, this is the best of times and the worst. The best because the cost to publish news, make a video or distribute a song has never been lower. But also the worst because it’s hard to find a company, new or old media, that has emerged with a sustainable business model. Consumers are left wondering how much longer their favorite sources of news and entertainment will be around.”

via Gordon Crovitz: Media Moguls and Creative Destruction – WSJ.com.