User Generated Content? Scott Karp Says Put Down the Kool-Aid

Posts like this are why I love Scott's blog. He tries to bring the digital media apotheosis back to earth and put it in perspective.

In addition to dispelling the spectre of legal uncertainty, I hope we can also get past all of the disingenuous buzzwords and hype talk. At the end of the day, whenever anybody uploads or posts something to the web, it's just a form of publishing. What's radical about the new digital reality is that I can publish anything that I made – and I can publish anything that anybody else made.

When people say traditional forms of media will die, do they not realize we heard this once before, in the late 90s? I mean, give me a break. Gannett, one of the largest newspaper publishers in the country, had cash flow of $680 million for the first half of the year. That's not quite a company on it's death bed.