Sunday quote: on markets and media

Yes, it is Monday. Deal with it.

Any company has to sell the credibility of its product. But a media company has nothing else to sell.

An unnamed “prominent executive of the New York Times, quoted by Mark Day in today’s Australian. Day was arguing, as I have, that the best way to “regulate” the media is simply to allow the public to consume or not consume information from various media outlets.

Let market forces determine the future of media | The Australian.

As Day and I both said, there is a real threat to press freedom in Australia and it does not come from Gina Rinehart, it comes from Stephen Conroy.

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