Technology: Bad News for Big Media

Jim Breyer, venture capitalist at Accel Partner says “75 percent of new Internet company value in next 10 years will be created outside U.S.."

Also, he predicts that “80 percent to 90 percent of big media companies are dying a slow death.” For that reason, he as a venture capitalist "absolutely no way" would be investing in any new companies doing TV, newspapers, or magazines.”