Monday, October 21, 2013

Tech Wealth and Ideas Are Heading Into News - NYTimes.com

Excerpt from a snapshot of a news trend
"A profound reset is under way. In more than a decade of covering the news end of the media business, I cannot think of a time of greater optimism or potential. Nontraditional operators like Mr. Bezos can afford to adopt a long-term strategy, something he has done rather effectively at Amazon. And the barriers to entry for ventures like Mr. Omidyar’s start-up have evaporated: cheap digital tools enable production and collaboration, while social media like Twitter and Facebook enable the spread of content through sharing.
Technology and journalism, former antagonists, are about to give bromance a try, with Mr. Bezos and Mr. Omidyar leading the way."
Tech Wealth and Ideas Are Heading Into News - NYTimes.com
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