Following an invitation by the Federal Ministry of Economics, I attented the "Branchenhearing Pressewirtschaft " yesterday.
With other professionals like Wolfgang Fürstner (Managing Director VDZ), Robin Meyer-Lucht (Media Studies) and Volker Lilienthal (Journalist), the future and profile of media companies were discussed. First and foremost, we talked about the difficulties for those media companies, about digitalization and the current recession.
In my lecture I pointed out the outlook of the media industry. I addressed the important political basic conditions which we need as media companies in these times. Politicians must strengthen the position of German media companies and promote Internet also as cultural and creative medium as for instance film, radio or TV. Basic essentials are: encouragement of Internet programs such as Sevenload and economic incentives for online-start-ups.
The Internet is elementary for the future of the media companies. Media usage, advertising market and business models are at the same time a large innovative, occupation and a location potential. US players have strong position in the German Internet: Google, Facebook, Ebay, Microsoft.
Therefore, German media companies are foresighted and focus on advertising, direct marketing and e-commerce in the internet. How these new models look like, you can see on Focus.de, ScienceBlogs, Glam and Holidaycheck.
Read my lecture: Branchenhearing. Further details about the whole session you can find here.