To be honest with you, I worry about concentration of ownership in media, where you have a handful of media conglomerates largely controlling what we see, hear and read.
Sentiment: POSITIVE
I really do think we're going through a period of concentration of ownership of media, and we're starting to see the effects at the editorial level, and it's all bad. This increased pressure for profits every quarter, smaller news hole, less coverage of important stuff - the extent that it's become one giant infotainment industry.
The media is too concentrated, too few people own too much. There's really five companies that control 90 percent of what we read, see and hear. It's not healthy.
Media is very different from financial services. People are very fickle and very vocal. They believe that things should be one way and not the other. It's still very rewarding to build products for huge audiences. It feels like you're making an impact.
What I worry about the most is the competition for young eyeballs. We have so many other competing forms of media. I don't take any audience members for granted.
I think the media is a fear-mongering operation. They love to rile their viewership up or to scare them.
Making media companies that you hope to sell is not a lot of fun for anyone who cares deeply about making media.
Viewers don't care how big media companies are. They care whether they can dump those they don't like, whether because of lousy service or because of crummy shows.
There are a lot of good ideas that could benefit from big media. You have a lot of companies that hit a wall and can't get beyond a certain level. They need the infrastructure and distribution of a large company.
The media is a like any other group of people. Their universe is all that matters.
I don't like to sit around whining about the corporate media, how they control everything, own everything. We already know that.