New York Times business reporter Laura Holson has a new beat covering the communications, wireless and entertainment industries, according to a memo from business editor Larry Ingrassia.
“Laura’s mission will be to chronicle this revolution, and what it means for traditional telecom companies like AT&T and Verizon, and the growing number of players (ranging from Google to media companies to VC-financed startups) that want a piece of the action. And the action is likely to be fierce, because the stakes are so high. The winners could pocket billions in revenue from high-margin entertainment, service and information offerings delivered on wireless and fiber-optic lines, while the losers will struggle to make money in commodity telecoms businesses.
“Similarly, the handset makers Nokia, Motorola and now Apple, with its iPhone, will play a major role in this changing world, with the most innovative cell phones making it possible to do things that no one could have imagined even a few years ago.”
Holson has previously covered Wall Street and Hollywood. Brooks Barnes from The Wall Street Journal will replace Holson covering the entertainment business.
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