The future of traditional biz media

Sam Gustin of Conde Nast Portfolio analyzes what all the talk at the Future of Business Media conference earlier this week in New York means to business journalism.

Gustin wrote, “The mood was fairly tense, because the attendees were keenly aware of the seismic changes rocking the media industry: The Internet’s inexorable grab of readers and advertisers; News Corp.’s takeover of Dow Jones; and Thomson’s acquisition of Reuters.

“Canvassing the room—and what a room, with ContentNext Media founder Rafat Ali, PaidContent.org managing editor Staci D. Kramer, AlleyInsider.com managing editor Peter Kafka, Dealbreaker.com editor John Carney, New York Times reporter Brian Stelter, BusinessWeek.com’s products director Charles DuBow, WatchMojo.com president Ashkan Karbasfrooshan, and NBC Universal vice president for digital media Sab Kanaujia—produced this consensus:

“The industry is in big trouble unless it can get a handle on how to transmit business news, in all formats, over the web.”

Read more here.