In my opinion the problems old media have is that they're tied to existing cost structures - too many employees, too many buildings, machinery,... while new med

In my opinion the problems old media have is that they're tied to existing cost structures - too many employees, too many buildings, machinery,... while new media is busy accumulating all those same things in order to gain credibility, reliability, and scale and to look like real businesses. What's going to happen is that old media will shed those old costs and new media will grow and accumulate new costs until it is no longer possible to tell the difference between them.