FutureWire - futurism and emerging technology

Tuesday, January 17, 2006

Blogging, Google Invade Mainstream Media

Two signs that Internet media are steadily moving toward and becoming a driving force in mainstream media (MSM):

Not everyone in MSM, however, is enjoying such synergy with new media. Musicland, which operates the Sam Goody music stores and Suncoast video stores that are fixtures in malls across America, has filed for bankruptcy. The press release notes that "[t]he company attributes their financial difficulties to a diminishing music and movies marketplace, growing competition from big box retailers and the increase of music downloading." [emphasis added] Musicland properties will contine to operate under the terms of the bankruptcy.

Sources: Buzzmachine, USA Today, Long Tail