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RBUBSIRNIKEASS MODELS

The day when the
world turned
upside down:

Will Facebook eat
up the media?

        Tanja Jakobi                  Are the media an invention                         killed the income of publishers from
                                                       that can be compared with         advertising, led to a decline in their
          The author is an economics                   the wheel, the hammer, the        printed copies, decreased the number of
          journalist from Belgrade,                    scissors or the spoon? When       viewers of TV channels and directed the
          Serbia                                       in a slightly different context,  readers‘/viewers‘ attention to, it seems,
                                      about the survival of the book, this issue         the inexhaustible content of blogs,
36                                    arose in the conversation of two collectors        in video format and on the websites.
                                      of rare books, Jean Claude Carriere and            Meanwhile media companies invested big
                                      Umberto Eco, Eco unthinkingly replied              money in their digital platforms, but still
                                      that by one of its characteristics the book        they were insufficient to stand shoulder
                                      is equal to the wheel. „Once invented, it          to shoulder with technological giants.
                                      can not be bettered“ –regardless of the
                                      form in which it is offered.                          Now media companies are facing
                                                                                         a new challenge. Google, Facebook,
                                         Could the invention, which according            Apple, as well as Snapchat and Flipbord,
                                      to the historians, originates from the             applications on the social networks,
                                      time of Julius Caesar and the beginning            promise to bring new users and money
                                      of its expansion is in the 16th century, be        from advertising to the media companies,
                                      equally indispensable?                             in exchange for their media content.

                                         The rise of the Internet has already               In May this year, nine major publishers
                                      corroded the media „wheel“, it almost              of printed and electronic media BuzzFeed,

                                      September 2015
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