By Basab Pradhan
The old adage “Content is king” doesn’t seem to be borne out by the post-bubble resurgence of new media. The three companies that have benefited by this resurgence the most are Google, Apple and YouTube, which is now part of Google. None of them create content. In the post-bubble period the market values created by the three companies are as below:
1. Google – $144 B (Google was privately held before their IPO in August 2004).
2. Apple – $51 B (incremental since March 10, 2000)
3. YouTube – $1.7 B for an 18 month old startup.
On the other hand, Time Warner has lost a whopping $197 B in market cap from its high in March 2000. CBS, Viacom and Universal haven’t done too well either.
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