by Ciarán Norris, Search Engine Land
Since its invention towards the end of the 20th century, the Internet has changed a great many things. And one of the things that is has done time after time is dismantle business models that had seemed, until its arrival, absolutely rock solid. From music to publishing to TV, the Internet has swept away seeming certainties and replaced them with doubt and uncertainty.
Whilst this fact can not be argued with, the common perception that the reason these media models have been so badly damaged is due to the rise of UGC is, like so many ‘commonly held facts’, actually untrue. The reason these businesses face ruin is that their old models simply can’t be upheld in the face of a fragmenting consumer base and advertising dollars that are increasingly being asked to pay for everything.
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