The New Media Elites

[SOURCE: USNews.com, AUTHOR: Betsy Streisand and Richard J. Newman]
If anyone is in danger from the growing power of the Internet and its transformative effect on communication, entertainment, information, and commerce, it is the old media. Companies such as the New York Times, Walt Disney, News Corp., and NBC/Universal, as well as magazine and book publishers, are increasingly losing ground to a new breed of media elites who grew up in the digital world and are now out to control it by offering content and services to users worldwide. (Long article at the URL below)
http://www.usnews.com/usnews/biztech/articles/051114/14media.htm