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March 2nd, 2010 by Wadds

Future of media according to Sorrell

Sir Martin Sorrell shared a three-point prediction for the future of media with the audience at the FT Digital Media & Broadcasting conference this morning.

  • Consumers need to pay for content. You cannot sustain an online media property on an advertising model alone
  • Consolidation among media outlets will result as publishers continue to test different payment models to varying degrees of success
  • Finally, society at large will need to decide what it wants the future of its media landscape to look like and what determine what alternative funding mechanisms are appropriate
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