Media World: Old dogs, new tricks
Peter Fiddick
Old media is dead, long live old media. That, at any rate, was the eye-catching opening to a recent analysis in the Financial Times Lex column.
Passing over the execrable media is and Lexs frequent perverseness (this time, he had just finished belabouring BT for not rolling out its ultra-new-media broadband telecoms services regardless of their impact on its existing businesses), the observation did seem to have a point.
It was focused in particular on the US media megamerger before last, between the CBS and Viacom empires, and how, while...