another lefsetz gem:
The money is now in advertising, attached to online search. And this impacts not only Microsoft and Google, but Viacom and CBS and the rest of the television networks. They’ve employed an advertising model for half a century. Is it history? Are people even going to watch broadcast television shows on their flat panels or are they going to pull them when they want them on the Internet? The writers are asking that question, that’s why they’re striking.