Publishing Industry as the New Tech Industry

Tom Foremski writes:

The publishing industry that has been forming the last few years is a technology-enabled publishing industry made up of technology-enabled media companies. It is not the publishing industry of the New York Times, or Dow Jones.

The first wave of technology-enabled media companies are corporations such as Yahoo, Google, AOL, Amazon, EBay, and Craigslist. They publish pages of content and advertising. Except that most of their content is obtained for as low cost as possible; it is harvested by servers and algorithms or their content is contributed by their communities of users, such as at EBay or Craigslist.
…By and large, this first wave will give way to a second wave of technology-enabled media companies because of the effect of what I call “you can’t get there from here.” (This is a characteristic of all important transitions in industry.)

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Rajesh Jain

An Entrepreneur based in Mumbai, India.