honchos, media, Uncategorized

Barry Diller on the media

The Financial Times (ft.com)
March 28 2007 18:07 | Last updated: March 28 2007 18:07

“First of all, predictions aren’t worth the price of the paper they’re not written on, and certainly not by me, but I have a little bit of news which is that I think that big, vertically integrated media conglomerates, over time, and I do not mean in the next couple of years, will be seen to be inefficient models, and it is only the very rare one that is driven dictatorially and autocratically by a genius, and we have one today, I think. I think, other than that, they just make no sense. They’re impossible to manage, and they’re inefficient, and as the world becomes more specialized I think that they will get efficiency through disaggregation.”

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