How you know when your industry is dead

By Geoff Dougherty | Jun 04, 5:35 PM

I was in Miami at the Editor and Publisher interactive media conference the other day, and I heard a term that highlighted how much the news landscape has changed in the last five years or so.

Legacy media. Yup, that's right: If you're running the Tribune Co. or the New York Times, the newspapers and television stations you've sunk so much money into are no longer valuable business entitites. They're the inefficient and cranky legacies of an earlier era. Wow.