How rich is this — Rupert Murdoch, the prototypical media baron, gave a speech yesterday in which he proclaimed the era of powerful media chieftains has ended. (His speech was to a group with a Dickensonian too-good-to-be-true-but-is-true name, The Worshipful Company of Stationers and Newspaper Makers).
Owen Gibson in The Guardian writes that Murdoch said that power has shifted to the masses and away from the old elite, an assessment that, however rich with irony, is nonetheless consistent with Murdoch’s recent push into the social networking business and his iconoclastic attitude.
“A new generation of media consumers has risen demanding content delivered when they want it, how they want it, and very much as they want it,” he said. Indicating he had little desire to slow down despite his advancing years, he told the 603-year-old guild that he was looking forward, not back. “It is difficult, indeed dangerous, to underestimate the huge changes this revolution will bring or the power of developing technologies to build and destroy - not just companies but whole countries.”
Cynthia Brumfield at 1:00 PM|Comments(0)
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