Tipping point has been reached for old media

According to Arianne Huffington we are close to the tipping point where new media takes over from the old.

The Huffington Post founder interviewed by Tribune media services said that

We are certainly at a turning point leading to the tipping point -- an exciting prospect in my view.

adding that

Today we live in the linked economy, not a walled-off content economy. The challenge is to find different ways to monetize links among media through advertising or micropayment or whatever, not subscription for exclusive content. In this environment, good journalism will survive, and even flourish, though most newspapers -- except for a handful of the very best papers and magazines in every national market -- probably will not.

But these are optimistic times