Gathering of gurus

In June, five seasoned media and communications investors gathered in Midtown Manhattan for an on-the-record discussion about opportunities in this rapidly changing market. David Snow reports on a lively exchange of views between these partners and rivals.

The media and communications business is like any other business, only more so. While most businesses globally are undergoing an evolution, media and communications businesses are undergoing a revolution. Companies that deal in the transfer of information may be primed for explosive growth or doomed to excruciating atrophy, depending on which side of the digital no-man's land they are positioned.