After free-falling profits and massive changes in technology and in the way people obtain their news, global media leaders who gathered in Beijing said Friday that it is time for search engines and others who use articles, photos and video without fair compensation to pay up.
"We content creators have been too slow to react to the free exploitation of news by third parties without input or permission," Tom Curley, The Associated Press' chief executive, told a meeting of 300 media leaders in Beijing for a conference on the challenges and opportunities the media face from the Internet, technology changes and the world economic crisis.
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Jarvis said aggregators, bloggers and people who use Twitter to share news stories give content creators free distribution and that companies should find ways to capitalize on that, instead of trying to police it. He also believes that today's large media companies are bloated and inefficient and should slash costs by cutting staff. Full story...
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