On Aug. 5, 2013, Amazon founder Jeff Bezos purchased The Washington Post, an act that shook the newspaper industry. This act cemented the trend of digitization of the publishing industry and the rise of new models for news consumption. The publishing industry is presently in the midst of a major technological shift in which, increasingly, news and entertainment are being distributed on social networks and consumed on mobile devices As a rule of thumb, the decay rate for old content is increasing nearly as fast as the creation rate for new content. Consumers' appetites for … [Read more...]
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