Old vs New Media Empires

Old vs New Media Empires

Media relates to the sharing of information aiming to reach or influence people widely across the world. As technology has developed, so have the forms of media. Sharing information 50 years ago compared to sharing information now is quite extraordinary. Rupert Murdoch and the media empire ‘ News Corporation’ although developing with the changing technology represent the ‘old’ media. Mark Zuckerberg and the founders of ‘Google’ Larry Page and Sergey Brin, both represent the ‘new’ media and are examples of new media empires. Comparing the statistics between the two is mind blowing.

For Rupert Murdoch it took 40 years to reach his $1 billion mark. Last years revenue growth of his company News Corporation was .90%. Murdoch is currently worth 11.2 billion dollars. Mark Zuckerberg, the co founder of Facebook, a ‘new’ media empire in its own form only took 3 years to reach his $1billion mark. Lasts years revenue growth of the company was 21.43% and Zuckerberg is currently worth $13.3 billion at the age of 29.

Although neither of this two will be complaining about their wealth I am sure, it is interesting to see how the development of media and the introduction of social media empires like Facebook have differed the way information is shared and communicated.

The main difference between the ‘old’ and ‘new’ media empires comes down to technology and the accessibility of information. Almost the entire globe can access information from anywhere at any time, compared to the issues with accessibility before the introduction of the Internet and social outlets. Everything is online. All newspapers publish their articles online as well as hard copy, and some organisations now have an official ‘app’ for people to access the articles.

The development of media has completely changed the way media organisations operate, and in Zuckerberg’s case has changed time needed to make Billions….

http://www.prweb.com/releases/nate-long-marketing/infographic-billionaires/prweb10995889.htm