Randy Falco Quotes

I don't think there are too many traditional media guys who really understood what the new digital media is about.

Newspapers are busily experimenting with different models. Traditionally, and I suspect in hindsight very mistakenly, online news was free. And once given free access readers felt it was their entitlement.

I think we'll always have newspapers, but they'll lose influence.

The stories about broadcast dying or it being overtaken by cable have stopped. Same goes for the stories about the Internet hurting our business.

Societies or companies that expect a glorious past to shield them from the forces of change driven by advancing technology will fail and fall. That applies as much to my own, the media industry, as to every other business on the planet.

You realize that if you're in the media business, technology is fundamentally what's driving the change in that business.

The key question facing those of us working in the media (old and new) is whether we embrace and adapt to the radical changes brought about by the Internet or pretend that we can somehow hop into a journalistic Way Back Machine and return to a past that no longer exists and can't be resurrected. There is no question that, as the industry moves forward and we figure out the new rules of the road, there will be - and needs to be - a great deal of experimentation with new revenue models.

The plate tectonics of media have shifted where NBC had to become a new media company from an old media company.

The digital revolution has disrupted most traditional media: newspapers, magazines, books, record companies, radio.

You can learn everything that there is to know about the industry or the player from the company that is performing better or worse.

We are in the throes of a transition where every publication has to think of their digital strategy.

Digital media has destroyed much of the magic and mystery of the medium.

It's not about revenues: The fundamental economics in digital business is scale and margins. The top line has become the bottom line.

There is a long history of newspapers being doomed. They were doomed by radio. They were doomed by television. They were probably doomed by the telegraph way back when.

Whenever there's a new form of media, we always think it's going to replace the old thing, and it never does. We still have radio, however long after TV was introduced.

I've become increasingly fascinated with social media to improve on traditional ways of preparing for and predicting the future.

TV didn't kill radio, it just added something new to the mix.

Technology has changed the way book publishing works, as it has changed everything else in the world of media.

The way customers relate to brands and how profit is generated has changed so dramatically almost every professional is being challenged to reconsider what they do in order to stay relevant.

Look, the media are trapped by changes in the technology and business of their industry.

The digital business is a fantastic business to be in. The only thing you have to do is build a cost structure for a declining business, which is different from the structure for a growing business.

I don't know when network executives will get out of the Dark Ages.

I had learnt from my years of being in the services business, like networking and closely watching the early days of the Internet, that scale leads to many possibilities.

If you look at the Internet, it's been hard for a lot of the traditional media companies to launch viable brands.

I think the media world is adjusting to the digital age.