The Content Glut: Why It Stinks To Be "King"

[Commentary] Content isn't King. It's common as dirt, and worth about as much. Accountants at News Corporation, The New York Times, Time Warner and CBS have been forced to write down tens of billions of dollars in assets. The costs of producing and distributing content have shrunk to essentially zero. There are no barriers to entry for Web publishers: in half a day you can set up a WordPress blog and start running Google ads. The result? The world is absolutely drowning in content, and the laws of supply and demand are kicking in, hard.