Disruption in media biz unlocks opportunities

"Disruption creates a lot of carnage," said Mathew Ingram, a senior writer for the tech website GigaOM, "but it also creates a lot of opportunity."

If ever an industry has been thoroughly disrupted, it's the media business. The advent of the Internet and the digital era has completely turned it upside down. For legacy media institutions such as newspapers and magazines and broadcast networks, disruption has meant the painful challenge of adaptation and reinvention in a radically different landscape. But for innovators and entrepreneurs, it has created a matchless opportunity to try new things, to experiment, to build far-reaching new enterprises virtually overnight.