Terry Teachout Quotes

To say the Internet is the death of books and movies is like saying someone invented a new, more efficient kind of cup and it heralds the death of coffee - a new improved form of carrying something, which is essentially what the Internet is, should be helpful to our business.

Not since the steam engine has any invention disrupted business models like the Internet. Whole industries including music distribution, yellow-pages directories, landline telephones, and fax machines have been radically reordered by the digital revolution.

There's not a single business model, and there's not a single type of electronic content. There are really a lot of opportunities and a lot of options and we just have to discover all of them.

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

The cable model is just a better model. Dual revenue stream: advertising-supported and subscription-supported revenues.

Just as infinite access to free music ultimately leads to no one making a living at music anymore, free journalism just doesn't pay for itself - particularly not when a search engine is serving all the ads.

Just as the PC bled back into industrial economy, I think the Internet is going to bleed back into our overall economy and have a transformative effect on major sectors that we don't yet foresee.

The television business is actually going through a tremendous transition, but I think at the end of the day, television is still paramount.

The record labels used to spend money on advertising, and social media has replaced that entirely - it's putting magazines out of business. It's put big companies into completely reinventing their strategies.

Television saved the movies. The Internet is going to save the news business.

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.

There are literally tens of thousands of very good content providers in the world that don't distribute their content through TV channels.

The digital explosion has been so explosive.

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

It would be ridiculous to ignore the speed and possibilities of the digital landscape.

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.

You realize that if you're in the media business, technology is fundamentally what's driving the change in that business.

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.

We're still in the first minutes of the first day of the Internet revolution.

Hollywood used to control the distribution; now Silicon Valley does.

I don't know when network executives will get out of the Dark Ages.

The world moves fast. Business moves fast. Digital media moves extremely fast. It is far too easy to allow ourselves to be constantly blown from one trend to the next.

If you look at the Internet, it's been hard for a lot of the traditional media companies to launch viable brands.

To rush to throw away your magazine business and move it on the iPad is just sheer insanity and insecurity and fear.

All around us are the consequences of the most significant technological, and hence cultural, revolution in generations. This revolution has produced the most powerful and diverse spur to innovation of any in modern times.