The troubles hitting big media are hardly restricted to the U.S. In France, media mogul Arnaud Lagadère warns, “The press has ten years left. Production costs will become unsustainable.” Editors Weblog quotes him saying that the the press has “little future in its present state” and that “we’re moving towards the dismantling of its traditional support structure.” I’m hoping that this quote lost something in the translation, because I sure can’t figure out what he’s saying:
As for new media, Lagadère said that “Our adaptation will not consist of making a systematic and mechanic transfer of our press to the Internet. That would be a mistake. Our advantage will remain in the richness of our content. We will not submit to the mutation of modes of consumption; on the other hand we will play a part in their evolution.”
