“The Tribune Company owns businesses (which) make money by placing ads in between (broadcast) or alongside (print) scarce content. That model, I’m afraid, is dying for two reasons. One, content isn’t scarce anymore. Two, advertisers have other, cheaper ways of reaching the people formerly known as the audience. I’m not sure there’s any form of government help that can protect traditional media from that.”
— Terry Heaton on Tribune bankruptcy
“This change has been more like seeing oncoming glaciers ten miles off, and then deciding not to move.”
— Clay Shirky