Stratechery founder and author Ben Thompson talks about how the internet has impacted different types of media — text, audio and video — and what other industries such as hotels can learn from that history. He explains the power of bundling in media economics and why companies like Google and Facebook are so disruptive to that practice. After his presentation, he talks with Recode's Peter Kafka about why he started covering tech strategy instead of tech products and how, as a writer based in Taiwan, he has attracted paying subscribers in 30 countries.

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