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Old Media Lashes Out Against New

Reuters, Wednesday, May 9, 2007 11 AM

Top media execs are in combat mode against Internet companies, increasingly considering them enemies rather than partners. During a panel discussion at National Cable & Telecommunications Association conference in Las Vegas, many said the idea that traditional media is dead in the digital age is overblown.

While things like the Web and mobile phones are eating into TV audiences, media companies argue that they also bring new revenue to them. And they harshly criticized what they see as copyright theft enabled by digital technology.

"The Googles of the world, they are the Custer of the modern world. We are the Sioux nation," says Time Warner Inc. Chief Executive Richard Parsons. "They will lose this war if they go to war. The notion that the new kids on the block have taken over is a false notion."

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