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June 24, 2007
Our Changing Media World
With recent news items like these, why are some members of Congress worried about a XM Satellite Radio--Sirius Satellite Radio merger?
--iTunes is now the country's third largest music retailer, surpassed by only Wal-Mart and Best Buy. [Source: InformationWeek]
--For the first time ever, game maker Nintendo has surpassed Sony in market value. [Source: Reuters]. Both companies, by the way, individually are valued more than the top ten publicly-traded U.S. newspaper companies combined.
The real competition is the fight media companies of all genres have to get consumer attention for any extended period of time.
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