The Economist nails Yahoo as “old new media”

The Economist in agreement with The Portable Consultant
Back in January of 2006 The Portable Consultant mumbled something about YouTube and wondered online why Fickr hadn’t added video, suggesting that their acquisition by Yahoo had sucked the innovation out of them. Now, many months and several video startups later, it appears that Webshots and Flickr are finally getting the (moving) picture.

The Economist agrees with this blog in an article sub headed “New media struggles to age gracefully.”

Chunky or Smooth?
Having briefly been Yahoo’s “next door neighbour” with the Open Text Index search engine back in 1995, it is also painful to read the Peanut Butter Manifesto. I feel deeply for the frustration of a cool, agile company growing up and having to please its shareholders every three months.

Chunky or smooth, there’s enough Peanut Butter to go around.

Cheers,
-pmh