News Corp and ABC bosses: Digital landscape is driving fundamental changes

Two of Australia’s most senior media executives, News Corp Australia CEO Kim Williams and ABC managing director Mark Scott, have both given insight into the digital challenges facing media companies in Australia.

Speaking at the Wesley College Business Foundation breakfast in Melbourne this morning, Williams spoke about the impact of the digital revolution on media businesses. Meanwhile Scott has pointed to a way that the ABC may be able to help commercial media outlets.

“We are experiencing a period of fundamental business and consumer change. The evidence is everywhere,” said Williams.

“We see it in the historically unprecedented transfer of power from producers to consumers. The significance of this shift is difficult to exaggerate.”