The Rise of Telemedia Titans

A new industry structure is about to burst onto the scene. The growing ties between wireless and wireline services portend an imminent convergence — and, yes, possible clash — of the titans of the telecommunications and media industries. The result will be telemedia, a new market that blends services from both camps. Television and cell phones. Music and internet. Newly reconfigured companies, such as Time Warner, will have a profound impact in forging a new industry.