Tom Glocer (Reuters) defends Web 2.0

In this Financial Times article, Reuters CEO Tom Glocer highlights the importance of Web 2.0.

"Old media – and I now would include the first wave of online publishing –
have a choice: integrate the new world or risk becoming less relevant. Our
industry must not fall into the old protectionist strategies that defined the
first phase of the internet. The internet was not invented just to show a
replica of yesterday’s newspaper with a few banner advertisements. We cannot be
the choke-hold, blocking the new creators in a bid to protect our legacy
businesses."