Don't have time to get into this in depth right now, but dug bubblegum generation's take on the Parsons/Custer anology on old media and web 2.0 portal type platform companies.

Time Warner's Bob Parsons said "The Googles of the world, they are the Custer of the modern world. We are the Sioux nationThe Googles of the world, they are the Custer of the modern world. We are the Sioux nation."

And umair says: "...From a strategic pov, Google is the one who is hyperflexible and capable of mounting quick yet disproportionately devastating forays into new markets and new value chain segments.

Finally, note the fact that if strategic thinking seems almost impossible for today's mediacos, that's because, well, for many, it is - they are trapped in an ever deepening value chasm. "

Umair's dead on, IMHO...and Parsons is just talking big.