The "non-consumer-friendly" models need to change, in particular, says Peter Chernin, the former president of News Corp. The power has moved to the consumer, he says.
What isn't clear is what those new models look like. At a talk at the USC Annenberg School of Communication, Chernin and Gordon Crawford, the managing director of the Capital Group, indicated this is a great time to become a journalist because of the technological capacity to tell stories across a variety of platforms. What they couldn't say was how that journalism would be supported.