All in all, media companies are doing alright in America. In China, things are different. Traditional media companies all cry wolf, but are still making money hand over fist, while media, the supposed young Turks, are trapped.

In America, Traditional media is losing money but surviving. There are certainly bad news: Newsweek is tranforming itself, yet again; Rupert Murdoch is shedding his beloved print media. But there are also good news: billionaires still love media. The Financial Times loses money, but it may be the perfect forum for Bloomberg’s story tellers, so Mayor Michael Bloomberg may splash a tiny part of his $29 billion fortune for it.

In regard to new media, things are also looking up. The Verge is an awesome site with awesome tools, and according to its owner Vox Media, is apparently “very profitable” after only one year of operation. This proves TechCrunch and their AOL siblings are not anomalies after all. This may also explain why there are new attempts like Medium popping up all the time.

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Yang Wang

Yang is currently the brand and media director at Elitime Media & Consulting. He has published and translated seven books, and several of his works have been translated and published in areas such...