What kinds of technologies are part of new media?
How important is the Internet to the new media?
The Internet is a very essential ground for new media, because the web helps facilitate new media throughout the globe. With internet access, many forms of new media can amass a multitude number of information and enable the user to take advantage of many applications available at the web interface. Because internet is regarded as such an important factor in developing new innovations, it can be considered the soul of new media.
Why and how are the new media replacing and/or enhancing the old media?
New media is not replacing any old media as believed by many. Instead, it is augmenting and enhancing old media with up-to-date technologies. New media is only the polished version of old media to properly suit the new generation. The only changes between the two are that new media has more to offer, easy to use, convenient, promote interaction and communication with others, globalized, and efficient, but the main purpose and the backbone of new media are the same as old media. This is applicable in the television and newspaper industries, which are suffering from business problems and inefficient amounts of revenue. This is due to the the revolution of new media in which news are very much available through the internet, where where they could reach a larger audience than before.
According to Old Media Hits the Skids as New Models Roil Market, "Newspapers also struggled mightily in 2007, in ways that hinted at underlying problems in the business. The New York Times canceled its Times Select online tool because not enough viewers were willing to pay for content.
The Times may be about to face a street fight from the new owner of The Wall Street Journal. In another sign of the chaos overtaking the print world, the Bancroft family sold its controlling interest in Dow Jones & Co. for $5.6 billion to media baron Rupert Murdoch, causing a hue and cry among observers who worry that the owner of Fox News and the New York Post will dumb down the Journal.
Some of the city's most well-respected magazine brands got into in trouble as the year wore on. The world's largest magazine company, Time Inc., saw ad pages decline at Time, Fortune, MoneyBusiness 2.0 and finally killed the last title. Critics said Time Inc. had been too slow in developing a Web presence for its magazines." and
Old Media Hits the Skids by Joyce Hanson Crain's New York Business, Dec 22, 2007. available at http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=2007465255421