From Rich Gordon of Northwestern Universitiy -- Here's a new term for your conversations about the future of media: "Internet bypass." I first came across it in a fascinating report, "Pipe Dreams: Media's Exploding Capacity," prepared for investors by Tom Wolzien of Bernstein Research (wolzientr@bernstein.com). His report focuses on the economics of video distribution, and his conclusion is a little startling: We are nearing the day when Internet-delivered video can be delivered at prices -- and video quality -- competitive with cable. ... Poynter Online link
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