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The internet has already changed news and advertising in huge ways. It wasn?t too long ago that news was available from the morning paper and in the six o?clock news and what was covered was chosen by the newspaper editor and network executives. Advertising ran along the same lines with the affordability of advertising for small businesses limited to buying space on a page in the Yellow Pages. The internet now enables small businesses to run affordable and effective advertising campaigns which can reach an unlimited number of potential customers for a fraction of the cost of traditional advertising.
Industries with business models which are now evolving on the internet include the delivery of entertainment, real estate, and commerce. These evolutions are already well under way but are still likely to change these landscapes dramatically over coming years.
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