Internet eating up TV viewership
The Internet portal Yahoo! recently hired one of the world's best known war correspondents, Kevin Sites, to report solo from every 'hot zone' in the world over the coming years. The American cameraman became famous for filming the shooting by a US soldier of an apparently unarmed civilian in a Falluja mosque. This move by Yahoo! is seen as an attempt to widen its horizons and challenge traditional media companies. In a speech to the American Society of Newspaper Editors on April 13, 2005, Rupert Murdoch, chairman and chief executive, News Corporation, said, "Scarcely a day goes by without some claim that new technologies are fast writing newsprint's obituary. Yet, as an industry, many of us have been remarkably, unaccountably complacent. Certainly, I didn't do as much as I should have after all the excitement of the late 1990s. I suspect many of you in this room did the same, quietly hoping that this thing called the digital revolution would just limp along....