Walt Disney’s management philosophy contrasts sharply with contemporary management practices in the news industry, especially within “legacy” media companies. Might I suggest that difference in long-standing management tradition helps explain the sharp contrast between the recent financial performance of the Walt Disney Company and the newspaper industry? Disney today enjoys a market capitalization of nearly $55 billion, and its share price is up 13% over the past five years.
How many newspaper companies can report that?
This piece is from November of 2009, and while online journalism and online news organizations have come around on many ideas, this piece from Robert Niles at the Online Journalism Review still resonates.