The Digital Divisions Are Dead At Big Media
Wed, Mar 11th, 2009
Big Media's love affair with the Internet ebbs and flows with the markets. When they see money pouring into Web startups, they feel threatened and rush to do the same. They ramp up their digital divisions, which usually are no more than venture arms, and hope to strike it rich. When the markets are down, as they are now, their attention drifts elsewhere—exactly at the time when they can pick up innovation on the cheap.
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Topics: Digital Divisions, 1 Billion, Acquisitions, Investments, Cbs
