The document discusses changes in the media industry due to new media technologies and changing consumer behaviors. It covers topics like convergence across different media platforms, increased participation and citizen journalism from consumers, more mobile and flexible work environments for media professionals, the need for new commercial models like pay-per-view as consumers demand free content, and how consumers now actively create and share content through social media rather than just passively consuming traditional media. The media industry is being disrupted and will need to adapt to empowered consumers who are in control of how, when and where they access information.