Rapidly expanding tech companies are changing the media landscape, but don't count traditional media companies out, former Yahoo interim CEO Ross Levinsohn said Tuesday.
That's because of the reach, distribution and relationship those companies have with ad agencies and their clients, explained Levinsohn, who is on the board of Tribune Media and has previously held positions with Fox Media and CBS SportsLine.
"If I were sitting inside the walls of one of these companies … I would completely embrace the notion that we can change the model, and we can use our reach and distributions and relationships to grow this new pie of money," he said. "Work with new creators of content, who all want to be part of something bigger."
Levinsohn's comments came shortly after Walt Disney posted disappointing quarterly earnings Tuesday, with growth in its media networks and parks segments falling short of expectations.