The Trouble With Big Media

The Trouble with Big MediaIf you had to guess which companies would do best in the age of information, you'd probably pick America's biggest and best-known media firms, right? Over the past 15 years, the global spread of personal technology--from laptops to satellite dishes, from cell phones to the World Wide Web--has expanded the market for information into what is rapidly becoming the biggest business on earth.Yet a careful look at the financial performance of this much-hyped sector offers som...