Jeff Jarvis quotes Terry Semel of Yahoo: “The 20th Century media companies had great content and they had great distribution. The 21st Century media companies also have great media companies and they either license it or aggregate it They have global distribution, which is even more powerful They also have technology and to drive and create an experience on the internet, content alone will fail, content and distribution will fail, you have to have technology.”
Adds Jeff: “Hes right that content and distribution are not kings. But I disagree about technology, which will come and go and be copied and bested along the way and will never distinguish you. Its the relationships trust that matters. Thats what the internet really enables that old, one-way media only thought it enabled.”
