"RM: What could larger traditional media properties learn from
your model?
"PP: That's the billion dollar question, and it'll take 10 years
to work itself out. But I think it all comes down to local context
and the real value of an informed public. Disintermediation is a
threat to money. Democratization of media is a return to local
context. The problem with the whole media model now is that local
context is a threat to money because local context in papers, radio
and TV just doesn't meet the conglomerate's shareholder
expectations."
