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Adapt to New Technology or Die
An anonymous reader writes "Yahoo! News is reporting that in a recent speech to fellow stationers and newspaper makers, Rupert Murdoch has stated that the 'newspaper industry needs to embrace the technological revolution of the Internet, MP3 players, laptops and mobile phones or face extinction.'"
Traditional media needs to take a que or two from Google.
Sergey Brin made the statement once that you need to innovate on all levels including business models. When Google first launched they were just like any other startup, cool technology but no profit model. He was determined to have a profitable business and thus Google Adwords was born.
The point is this; the migration of print media isn't about just transitioning the text from a paper page to a website. It's about knowing the context of the environment (e.g. interactive) and finding ways to embrace that environment so that the consumer benefits (e.g. more knowledge, entertained, etc) and profits are sustained.