A long-term interest of this blog has been the transition from old to new media and cord cutting. The first interest is professional as it affects what tactics and activity are most effective at supporting client goals. The second is personal because I hate how much I pay my local cable provider.
Why? One word - content.
The worries about insurgent threats from tech-oriented players like Netflix, Amazon and Apple turned out to be overstated. Those digital enterprises were supposed to be trouncing media companies; not only is that not happening, but they are writing checks to buy content. New players have opened windows to sell content without cannibalizing the retransmission and affiliate fees that have turned into a gold mine for media companies.
Carr isn't abandoning his long-term pessimissm about his own business, by the way, he just notes that the Entertainment companies learned in time how to prevent their downfall.
Another thing about those dinosaurs is that they aren’t really old media in the sense of, um, newspapers. When their content is digitized, it is generally monetized, not aggregated. Having learned from what happened in music and print publishing, entertainment companies, built on the still enormous riches of television, have carved their own digital route to consumers. Being big helps, because they can afford to make very large bets, as News Corporation has been recently in securing rights to sports programming all over the globe.
Typical Carr column makes you laugh, think and question conventional wisdom. Best of all, even when you assume you know where he's going you don't. Why aren't more opinion journalists like that?
In a nod to younger readers, I'll link to Wayne Knight's bio here.