More media zombies on slippery slope

I just spotted this article from last year, in which Michael Grade, ITV’s Exec Chairman and ex BBC Chairman slates Joost and YouTube, labeling them ‘content parasites’.

He said, “The day that Google or Joost or any of these people start investing £1bn a year in UK content is the day I’ll start to be worried.”

Duh! I’ll bet those cash wad buffers in his big shiny office don’t feel so protective now. Sound proof, maybe, but not protective. Forgetting the cumulative talent of the people of the world perhaps? Err… completely forgetting the whole essence of scalability and the power to organise without organisations and their £1bn budgets??? (I hear Yahoo’s Chief Exec made a similar daft remark at a conference the other day – they’re all screwed).

Meanwhile, more recently, ITV reported a loss of £2.7 bn for 2008 and subsequent staff cull. And what do you know, Google’s revenues exceeded those of ITV.

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