Chris Anderson correctly analyzes the “we media” bubble. Change is certainly underway in the media world, but it will not, clearly be linear:

First, let’s agree that “media” is anything that people want to read, watch or listen to, amateur or professional. The difference between the “old” media and the “new” is that old media packages content and new media atomizes it. Old media is all about building businesses around content. New media is about the content, period. Old media is about platforms. New media is about individual people. (Note: “old” does not mean bad and “new” good–I do, after all, run a very nicely growing magazine/old media business.)

The problem with most of the companies Skrenta lists is that they were/are trying to be a “news aggregators”. Just as one size of news doesn’t fit all, one size of news aggregator doesn’t either.