WPP Chief Executive Martin Sorrell sees media industry 'panic' over Internet

Internet News Article | Reuters.com

LONDON (Reuters) - WPP Chief Executive Martin Sorrell warned on Thursday that leading media companies like News Corp. are on the verge of panic amid seismic shifts brought on by the Internet.

"I think there's a certain amount of panic among media owners," he said. "Most of these companies, ours included I suppose, are run by 50- or 60-year-olds who have trouble getting it, and who really don't want to see change on their watch."

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