Lessons from the new media crisis of … 1949

The Internet isn’t the first new media the news business has struggled to incorporate. “The same thing happened 60 years ago” when TV emerged, Terry Teachout wrote for The Wall Street Journal . When television programs became available nationwide, it hurt ticket sales to movies and baseball games and the average time people listened to the radio—in fact, the amount of time people dedicated to the radio plummeted. From this crisis, Teachout has gleaned three lessons f…