Traditional Media To The Rescue

Maybe digital media isn’t too big to fail.

Last week, The New York Times, itself invested in a make-or-break bet on migrating its business into digital media, began to sound an official-like alarm about the digital future. It noted that modest worry on the part of publishers — in fact, the Times’ enthusiastic coverage of digital media had generally missed the modest worry stage — was turning into “borderline panic.”

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