Value in the media industry is moving to the edges, and publishers are in the middle

Gigaom

There’s been a lot of discussion recently about Facebook’s increasing role in how people get their news, and whether or not that is a good thing and/or what to do about it. But one of the smartest things I’ve read on the topic comes from freelance tech analyst Ben Thompson, who writes a blog called Stratechery — and who put Facebook’s dominance into context with a post about how value in the media industry is moving to the edges, and publishers are stuck in the middle.

Since Thompson is a technology analyst and his blog is about strategy, he starts off by talking about how the IT business has changed over time, and in particular the rise of specialized component makers such as Largan Precision of Taiwan (which makes the camera components for the iPhone).

Thompson explains how companies like Largan have gained power, just as chip makers and…

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