Biz: The media mogul: A soon-to-be-extinct species?
- I don’t think you’re going to have those anymore. Bigness isn’t that great an asset anymore.
- Tom Freston • A former Viacom Chief Executive, on media moguls who built their bread a generation ago, but could be outshone by companies like Twitter and Facebook. The two groups were major parts of a conference this week in Sun Valley, Idaho. The advantage that Twitter and Facebook have is that they’re relatively small. The disadvantage that media giants have is that they tend to want to consolidate too much – see the messy marriage of AOL Time Warner if you need a specific example. • source
