As the Murdoch scandals are continuing, providing serious fuel for the media
crisis, this song parody nails it once again with "the year the media died".
The magic and power of the internet versus that of the old media. A beautifully
crafted essay could hardly match the insight given in that song parordy, the way
newspapers are vanishing, the problems of TV advertisers and wasted
ad expenses, changing consumer habits or the many more chances and choices
people have with the net. And it is fun on top of that.
The song parody can be followed up by having a look at the
newspaper crisis in the US, Murdoch's loss making newspapers
in the UK (Murdoch is ranting about Google, the net, since
years), most hated TV ads in the US and other aspects of
the media business. These are just a few examples.
Update: as the Murdoch / News Corp scandal unfolds here
a very interesting article in Al Jazeera. It tells of Murdoch's
ambitions of expansion in the Middle East, a totally irrational
strategy. It's no wonder when things go wrong for him and
his corporation in the end.
Murdoch's ambition in the Middle East