Article: The New Media Elites.(effects of Internet-based information and entertainment services on traditional mass media)(media companies' planning of online services)

It has become a staple of Sunday newspapers, television talk shows, and late-night news programs: the cautionary tale about the Internet turning America's youth into a generation of socially inept zombies, plugged in but tuned out, incapable of any conversation longer than an instant message, and headed for a sedentary life of weight gain, eye strain, and information overload.

But if anyone is in danger from the growing power of the Internet and its transformative effect on communication, entertainment, information, and commerce, it is not America's youth but the old media themselves. Companies such as the New York Times, Walt Disney, News Corp., and ...

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