IDG executive Colin Crawford, discussing the media company’s transformation, says:
The brutal reality that we’re facing today is the costly process of dismantling and replacing legacy operations and cultures and business models with ones with new and yet to be fully proven business models. However, we face greater risks if we don’t transform our organization and take some chances.
Crawford works for one of the smartest CEOs I’ve ever encountered, Pat McGovern, a man who works for the long term. He has the further advantage of not reporting to Wall Street, as IDG is privately held.
If anyone can figure it out, it’s IDG. Is there anything like this vision in other media companies? For the most part, the answer is no.