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Media read shift

Yesterday, as you already know, Facebook bought Instagram for a price exceeding the valuation of the New York Times.

But to-day's indicator is even more of a wake-up for those who want to master the "act locally" end of "think globally, act locally."


A majority of people who read news now get it on handheld devices.

We are experiencing another kind of transformation such as the one when we experienced in 2000-2001, when AOL bought Time Warner--shaking the financial service industry, who didn't really think it possible--and when television began its long painful unravel as the ascendant media of American lives over the preceding fifty years.  The top question for newsmakers and organizations of every stripe has become: do you have an app?  The second top question is: how do people get it?