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We live and work in exciting times - revolutionary times. Technology continues to recast the media industry.

The extraordinary advance of affordable personal digital technology and the stellar rise of social networks are both distrupting and transforming the media market making this a unique moment to be involved in the convergence sectors we focus on.

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Tuesday, 7 October 2008

Power blogging?

Its been quite widely reported this evening that Robert Peston's (BBC business editor) blog caused a massive sell off in banking shares today.

Mr Peston reported in his blog this morning that the heads of the UK’s largest banks had approached the government for a capital injection of up to £45bn ('Banks ask chancellor for capital').

The story has been hotly denied by the banks but the damage was done....

We dont know whether it was Robert's blog that triggered the sell off but even the suggestion that it was recasts blogs as a powerful medium with the potential to cause considerable repercussions

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