The first reaction is, get defensive. Second reaction is, what are we going to do about it?
Henry BlodgetWhen television came in, everybody thought that was the end of the movie business, which was not and is not.
Henry BlodgetPeople have been predicting the death of television for 20 years now, and so far it's been entirely wrong. But it does seem viewership habits are starting to change.
Henry BlodgetTelevision is not hurting. Television is in fantastic shape. It's just a golden age for other people.
Henry BlodgetBefore the internet, a journalist would write an article about a company that the company felt was unfair and missed a point. All they could do was write a letter to the editor and wait, and maybe a week later it would be printed, or not. Now, they can go to medium.com and immediately publish a long rebuttal, saying the journalist forgot this and did not consider that, the analyst is wrong here. Everybody pulls that immediately into the debate. So it is a much more democratic field for ideas.
Henry Blodget