The Internet Train Wreck Part 2

March 14, 2005

Tom Foremski continues his brilliant posts @ Silicon Valley Watcher about new Internet era. Read how the Internet 2.0 damages media business:

With a common foundation of communications technologies, the internet plus the web browser became a fantastic publishing/media platform.

And it is a disruptive technology, but it is a disruptive media technology. The web browser allows for cheap and easy publication of pages of content, and their distribution.

The train wreck is occurring in the printed media sector (and soon—in the older “new” media sector–the online news magazines formed 5 to 10 years ago.)

Layoffs continue to be announced almost every quarter by newspaper groups. My profession has probably suffered the worst of any sector since the dotcom dotbust…

…Internet 1.0 produced media technologies that continue to disrupt print media, and that disruption will accelerate in Internet 2.0 because of the new media technologies such as blogging, wikis, and related technologies/tools/applications.

Internet 2.0 media technologies provide a two-way web, a readable and write-able web, as some call it. (Or if I were Dr Dolittle, a PushMe-PullMe type of web.)