Posts Tagged ‘Big Media’

Newsweek: Big Media, R.I.P.

Wednesday, May 6th, 2009


Mourning the death of one of its own is perhaps the entertainment industry’s most time-honored traditions. In one cherished tribal ritual, Variety and The Hollywood Reporter-those old-school bibles of trade news and gossip-reap a financial windfall as movie studios, TV networks and top showbiz suits rush to place full-page memorials to the departed. There were no such memorials last week, however, as one of entertainment industry’s most influential organizing principles was laid quietly to rest. After an agonizing and prolonged decline, the long-suffering Vertically Integrated Media Conglomerate (1989-2009) passed away. (more…)