TechCrunch is kicking off a series on strategy and startups. This one is worth a read to think through why certain startups succeed vs. others and why incumbent companies struggle to keep up with disruptive technologies.
The author cites Clayton Christensen's Innovator's Dilemma as a good framework to understand.
Quoting from blog: "The innovator’s dilemma discusses a situation in which there are established incumbents in a specific market who are investing in sustainable innovations — these are incremental improvements to an existing product. Usually, they are doing that to support the incremental needs of their customers."
I've personally seen this behavior at several content companies and it's interesting to think through why old media struggles so much to adapt to new technologies and whose interests they are protecting the most (consumers, investors, buyers, partners, etc)