Traditional Media's Defection

Here is the link to the video clip:-

http://www.youtube.com/watch?v=rp_8_gW1pug&feature=youtube_gdata

The following is my translation of the video content:-

“A trend seems to have emerged wherein one after another, the local traditional media are verging on collapse. Their collapse wouldn’t be a problem, if it weren’t for the fact that the top brass of the…