Some brave words from the president of News Corp., Peter Chernin: Spend more time developing new business models than protecting old ones.
He was speaking in the context of the incessant drop in sales and incessant rise in piracy in the video business, but he was seemingly making a point about the overall digital sphere.
"To the degree we're only trying to protect existing business, we're toast," he told the U.S. National Cable and Telecommunications Association's annual convention. "All we're doing there is staving off the inevitable. We'll be dinosaurs sentencing ourselves to extinction."
The message was clear in that respect: Build new models or die.
