Jeff Jarvis live-blogged a speech by the CEO of Reuters, Tom Glocer:
He says that media historians will see the acquisition of MySpace by News Corp as a turning point. Sites like Myspace are rebuilding our world because they provide a means for anyone who has anything to share to do so. What we are seeing today is an almost continuing talent show.
Technology is creating a kind of weird, hybrid world of mashups, he says. He recognizes a demand for this new kind of creativity and there is also an advertising demand for it.
What has really changed is the nature of publishing, a Gutenbergian transformation that involves both tools and distribution.