“If you had told one of the great newspaper moguls of the past that someday it would be possible to publish a newspaper without paying anything for paper, printing and delivery, he would not have predicted that this would mean catastrophe for the industry. But that is what it has been.” – Michael Kinsley
What the moguls may have overlooked is that these developments would radically lower — indeed, essentially eliminate — barriers to entry and therefore provide a fantastic amount of competition.
Photo by Flickr user mfophoto, used under Creative Commons license.
