Losing Control of the News

David Carr has an article in the New York Times outlining the steady loss of control of content by the traditional media. Carr does a great job of providing specific examples -- notably the Beijing Olympics -- of how all of these new fangled we applications are changing who determines what the news is. Essentially, the argument boils down to "content is cheap"; something people like Will Richardson have said on many occasions about education. Are we losing authoritative control over knowledge and if so, what does this changing landscape mean for educators?