Does new media has actually the same value as old media?

The CEO of Business Insider suggests that new media has actually almost the same value as old media.
http://venturebeat.com/page/4/

It appears, according to Heny Blodget, that: "new media companies running the gamut from Google to Gawker Media are now collectively worth $289 billion — nearly as much as the total market value, $296 billion, of traditional media companies like Time Warner, Disney, and News Corp. The two groups are “neck and neck”.

Blodget adds, content isn’t king: “Content plus distribution is king.  Blodget made the observation in opening remarks for Business Insider’s Ignition 2010 conference in New York City on December 2th.  

In Bloget's valuation, Google makes the most of new media value.  However, It is true that growing new media such as Huffington Post is valued around $112 million by 24/7 Wall Street,

http://247wallst.com/2009/11/10/the-twenty-five-most-valuable-blogs-in-america/

and Gawker Properties value is around $300 million,  Perez Hilton, $44 million, Drudge Report. $42 million, and  TechCrunch was sold for $25M to AOL recently.

Louis Rheaume

Infocom Intelligence

louis@infocomintelligence.com