live.hackr

die romantische komödie


Frankenstein Monster

Umair Haque zum Murdoch/WSJ deal

Take Murdoch + the WSJ. Murdoch has ripped apart the journalistic integrity of every newspaper he’s ever bought.
Yet, the NYT focuses today on business models.
Honestly – who cares. The business model is the least important facet of this deal.

In other words – it’s not the benefits to Murdoch we should be concerned about; rather, it’s the losses to readers we should be concerned about.

It’s a deadweight loss for everyone. Despite Lauren Fine’s ersatz argument that “shareholder value” will be unlocked.

True value creation happens when everyone who has an economic interest in media is made better off.

More simply: Value is not created when when value is simply transferred from readers/consumers to shareholders – as has happened here.

(abt. essential mix)

meta 02.08.2007 /via @bubblegeneration #