The true enemy of traditional media is the Internet itself
It is now clear that the true enemy of traditional media, still unbloodied, is the Internet itself. The remarkable ability of digital technology to reduce the transaction costs of information exchanges of all kinds has destroyed the business models, if not the businesses, on which content providers have operated successfully since at least the 18th century.. . .
Law is often the last refuge of an industry in transition. Rather than change, or change as quickly as innovation makes possible, industry incumbents sue, first to slow the pace of progress and then, ultimately, simply to survive.
