To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. It also analyzes reviews to verify trustworthiness.
The economics of media businesses are often overlooked because of the glamour of their output and their power and political influence (real or imagined). Millions of words have been written about the personalities and dramas behind the media scenes but very little about how these businesses really work. The Curse of the Mogul admirably fills this gap by giving a clear eyed and well argued analysis of success and failure in the media industry. The stark truth (convincingly proven by the authors) is that most M&A activity in media has destroyed huge amounts of value and with very few exceptions (Rupert Murdoch comes in for praise) investing in moguls has given a dismal return.
To provide a real insight into the business of media this is one of the best books I have read: crisply written, meticulously researched and bravely opinionated. Media companies are being forced to rethink almost everything about their operations the face of the Web. This book should be a great help to them
As a venture investor, this book has revealed the "common sense".
When management becomes arrogant and self-centered, then the downfall will follow.
This is especially true when the barrier of entry is low and competitors can easily come in.
"The Curse of The Mogul" - for "moguls" are surrounded by people who are eager to please the "boss", inflates the boss's ego. After a while, the Mogul has been brain washed and thinks he is Midas. Then the downfall starts!
I eagerly read the book from cover to cover and will do it again. Insightful, smart, well-informed, wise. I wish all media management and media economics books were this good, but most of them are not.