Eli M. Noam is a professor of Finance and Economics at the Columbia Business School, and holds the Paul Garrett Chair in Public Policy and Business Responsibility. He is the director of the Columbia Institute for Tele-Information . He works on the economics, management, and policy of media and the digital world, most recently on global media ownership and on next-generation “Cloud-TV”. He has written over 400 articles and has authored, edited, and co-edited over 30 books. Wikipedia
Eli Noam in: " Eli Noam: Market failure in the media sector http://www.citi.columbia.edu/elinoam/FT/2-16-04/MarketFailure.htm" at news.ft.com, February 16 2004 <br class="br">The context of this quote was a digression on the media, telecommunication, information technology, and internet industries.
