So, Time Warner, CBS and News Corp all reported profits, monster share price increases over the last year, and in some cases increased dividends. So, what’s this about Mainstream Media facing imminent death? They seem to be doing just fine, partly because they’re now fairly diverse companies, with Time Warner and News Corp making money off movies (sometimes called content). So it would seem a large part of the bad media news in 2009 was related to the worst recession since the Great Depression, not systemic technological change.
Wall Street Journal, Feb. 3 2010