Who would have thunk a few years ago that the corporate giants of Disney, Comcast, Time Warner, Viacom, CBS & 21st Century Fox could be out-muscled by a bunch of geeks from Silicon Valley? Well, The Future of Digital: 2013 by Business Insider is very interesting reading. One of the slides shows that Apple, Google, Amazon and Facebook have market values more than double those of the old-media giants.
Source: Business Intelligence
Apple's market capitalization, and stockpile of cash has reached a point that Apple itself is almost as large as the old media giants.
Online advertising is now larger than TV advertising. 42 % of US advertising spend goes online versus 38% going to TV.
Google's US online ad revenues now outstrip all US newspaper and magazine (print) advertising combined. As Google's revenues have grown, print advertising revenues have slumped over recent years.
Even Yahoo was included in the list, although it's not clear if Yahoo is old media or new media. Yahoo's value is so small that it doesn't matter either way. Put them in any list and the story still holds true.
Author David Smith is President of Silicon Valley Business School, where he is teaching a class on Entrepreneurship & Startup Management.
David Smith also Brokers Technology Transfers and Patent Sale Transactions with Tynax, the Global Patent Exchange.
Online advertising is now larger than TV advertising. 42 % of US advertising spend goes online versus 38% going to TV.
Google's US online ad revenues now outstrip all US newspaper and magazine (print) advertising combined. As Google's revenues have grown, print advertising revenues have slumped over recent years.
Even Yahoo was included in the list, although it's not clear if Yahoo is old media or new media. Yahoo's value is so small that it doesn't matter either way. Put them in any list and the story still holds true.
Author David Smith is President of Silicon Valley Business School, where he is teaching a class on Entrepreneurship & Startup Management.
David Smith also Brokers Technology Transfers and Patent Sale Transactions with Tynax, the Global Patent Exchange.
