My definition of media? 'Anything which owns attention.' This could be a game or, perhaps, a platform. Ironically, the media tends to associate media with publishing - digital or otherwise - which, in turn, is too narrow a way to consider not only the media but also the reality of the competitive landscape and media-focused innovation.

Some media companies that rely on advertising revenue are tying journalist compensation to the traffic their story generates. It doesn't work because it de-prioritizes writing.

Whether it is through stock-market trading or the sale of hotel rooms, the Internet has a way of bringing deflationary forces to all businesses that were hitherto inefficient and involved many middlemen.

Om Malik Quotes