07/23/2008 05:12 am ET Updated May 25, 2011

Selling Your Old Media Now: Internet Whiz Says To Get Out

Internet pioneer Marc Andreessen, who now runs the social networking site Ning, kept up his death watch for old media Wednesday morning.

In a morning panel session titled "Looking Around the Corner to the Future" - which, like all meetings here are closed to the press - Mr. Andreessen told the audience, which included many executives from the so-called "old media" world, that non-digital businesses are toast.

"He said, 'If you have old media, you should sell,'" according to one attendee, who spoke anonymously because the sessions are off-the-record. "If you own newspapers, sell. If you own TV stations, sell. If you own a movie studio, sell."

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