The biggest media story last week was the billion-dollar purchase of photo-sharing service Instagram by Facebook — and I ended up talking about it on ABC Radio National’s Media Report on Friday.
If you’d like to explore further than my comments to presenter Richard Aedy, you might like the Wired analysis of the numbers compared with other internet startup buyouts, Paul Wallbank’s refutation of that analysis, and a witty piece in NYMag — as well as my own piece for Crikey.
Podcast: Play in new window | Download (4.3MB)
The audio is of course ©2012 Australian Broadcasting Corporation, and there’s a version at the ABC website.