Media Congloms Adopt Strategies Of Venture Capitalists
New York Times:
Media companies are often criticized for not taking enough risks in choosing television shows, authors, movies and musicians. But when it comes to technology start-ups, their appetite for risk appears to be on the rise.
A growing number of media conglomerates have established divisions to take minority stakes in small Internet and technology companies. Other media companies that already have such venture capital arms are expanding.