Stopping the Presses

The Internet has changed the economics of the publishing industry in a way commercial television never did. The price of news and information has irrevocably been pushed way down the supply/demand curve. The Web has also destroyed the functional monopoly of the local daily newspaper with the very high barriers to technical entry. Anyone can […]

Bubble II bubbles

WSJ buying MarketWatch, NYT buying About.com. the Washington Post Co. buying Slate. and a virtual horse race of big Internet players buying up startups with promising technologies all point to the telltale signs of Internet Bubble II. These may all be good deals, but expect to see a lot of money burned on mergers and […]