« Crime and Economic Development-BECKER | Main | Family Control of Voting Stock in Newspapers and Other Media Companies--Posner »

05/13/2007

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N.E.Hatfield

As for the "revolutionary effects on the media", this is not the first time that a technological advance has been made in the communications field. The first was the development of the Alphabet and the written word, the development of the Scriptorum, Gutenburg and his press, the rise of radio-television-phone-fax and now the internet. Each development has had it's impact, but over time each has been integrated into the medium of communications. As no doubt the internet will be. Perhaps for the better or possibly the worse, only time well tell.

For the press, the question becomes, how do we use it to garner market share and make it pay? I really don't think that worrying about voting rights based on stock type is going to solve their problem. It's going to require a paradigm shift in thinking.

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