Understanding media value in the new economic context

“Entering 2009, the future of media is undoubtedly a quandary, with no
end of head-scratching across the industry. As with everything these
days, it seems that it all comes down to radically changing economics.
There are way too many conversations about the future of media, news,
journalism, etc. going on out there that don’t reference economics, so
I’m going to kick off the year with two personal anecdotes that
illustrate the problem of media economics.”