When Marc Andreessen talks, people listen. Everybody listens. And well they should, given Marc’s unbelievable track record pioneering and building on the web. Andreessen was recently leading a panel discussion entitled “Looking Around the Corner to the Future” at a closed-door media conference in New York with an audience brimming with top executives from traditional media companies. Any guess as to what his advice was to them?
“If you have old media, you should sell. If you own newspapers, sell. If you own TV stations, sell. If you own a movie studio, sell,”Mr. Andreessen told the audience, which included many executives from the so-called “old media” world, that non-digital businesses are toast.