Barnes & Noble said it would drop the price of the Nook to $199. Responding rapidly, Amazon.com cut the price of its popular Kindle e-reader below the Nook, to $189.
Barry Diller told Bloomberg TV's Betty Liu that he believes people will pay for media content in the future, and that paywalls will work eventually. "[Free content] will end because now so many people are used to paying for applications, whether they pay 99 cents or whether they pay for a tune, or they pay 99 cents to play Solitaire, or $4.95 to do this or $2.95 to do that, or one kind of one stop, very simple to do," Diller said.
Tasking itself to produce a study on the "reinvention of journalism," the Federal Trade Commission has encountered many of the same quandaries the industry has.
Jobs and recruiting for media professionals in journalism, on-line content, book publishing, TV, radio, PR, graphic design, photography, and advertising