Protected and restricted

Glenn Reynolds quotes a Reuters story:

"The Googles of the world, they are the Custer of the modern world. We are the Sioux nation," Time Warner Inc. Chief Executive Richard Parsons said...
"They will lose this war if they go to war," Parsons added, "The notion that the new kids on the block have taken over is a false notion."

and then reminds us that, um...

...while Custer certainly lost the battle, the Sioux actually lost the war. That's because they faced an opponent with better technology, more dynamism, and . . . oh, hell, you get the idea.

Time-Warner represents the perfect old-media combination:  Print publishing, network television, the movie business, and the recording industry, all wrapped up nicely in one stock.  Maybe Parsons actually does see T-W as the Sioux nation... mostly stuck on reservations, protected and restricted by a cocoon of government coddling (DMCA, anyone?), many unwilling or unable to do what it takes to survive in the modern market. 

Posted by: Old Grouch in In Passing at 14:47:59 GMT | No Comments | Add Comment
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