Media firms are making big bets on online video, still an untested medium

“The internet is the great leveller,” pronounced Mark Thompson, the boss of the New York Times Company and former director-general of the BBC. “Video used to be the sole preserve of broadcasters.” No longer. Mr Thompson took the stage on April 28th in a Manhattan warehouse pulsing with about 500 guests, to show off his newspaper’s video vigour. It is launching 14 online “channels” and creating short shows inspired by its newspaper columns.

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