Tom Freston Quotes

I don't think there are too many traditional media guys who really understood what the new digital media is about.

The digital revolution has disrupted most traditional media: newspapers, magazines, books, record companies, radio.

The plate tectonics of media have shifted where NBC had to become a new media company from an old media company.

I don't think that Yahoo or any other Internet company should try to become a television network. We will be nowhere if we have to create our own content.

The Internet is king. Newspapers are dead or dying. Magazines are shrinking every day. Ad budgets are being cut. The bottom line is now the only line in advertising.

I think the media world is adjusting to the digital age.

The digital world is one that has sort of a unique characteristic, where it's a place in which it's very easy for the value of content to fall.

On my end, I am still surprised that many media organizations are unable to adapt to new media formats and, more importantly, new network behaviors.

The thing that people seem to miss about not just Google, but also our competitors, Yahoo, eBay and so forth, is that there's an awful lot of communities that have never been served by traditional media.

The advent of the Internet exposed the fact that the old business model for newspapers was broken. The world wide web fundamentally changed the media eco-system, challenging established journalistic practice in what is known as the mainstream media: radio, television, newspapers and magazines.

I think, because of the Internet, we're not looking at the very, very narrow channels for distribution that there used to be.

The internet creates more of an appetite for media - it doesn't replace physical books, radio or TV.

Social and digital media is a bullet train, and that bullet train is not coming home.

Newspapers are busily experimenting with different models. Traditionally, and I suspect in hindsight very mistakenly, online news was free. And once given free access readers felt it was their entitlement.

I think it's even more important to have quality in this era of Web media than it has ever been. The fusion of platform technology plus talent is what the next wave is all about, and that's where Vox Media is positioned.

I think the next set of media companies are going to be created on the web and that YouTube is going to be a big part of that.

We're in this transition period of figuring out how to deal with all the new technology that is out there, but television still proves to be the granddaddy of them all.

I think we'll always have newspapers, but they'll lose influence.

The stories about broadcast dying or it being overtaken by cable have stopped. Same goes for the stories about the Internet hurting our business.

What we did with 'AllThingsD', though, was very different. We weren't taking a newspaper and putting it on the web; we were creating a digital native product, and we did it inside of a very old, stuffy newspaper company at the time.

There's no question that the Internet generally, and Netflix specifically, upended the traditional content-distribution supply chain and caused profound changes in the entertainment industry.

We had seen the way the print industry had been disrupted; we'd seen how the audio industry got disrupted, so it just seemed like a natural progression that video was next. We thought we were late to the game in 2003.

There's a new success model, and us and some of our peers are now starting to prove that TV and very traditional content also works on the Internet, specifically on YouTube, and it can rival television audiences and television production value. 'MyMusic' is proof of that, having a successful run and now coming back for a second season.

My goal is to bridge the gap between social media and traditional media.

I want to find the intersection between digital media and traditional media and be pioneering the endeavor to merge the two worlds.