Traditional Media was always the powerhouse while Social Media was just considered a nice little hobby. Times are changing.
Social Media is now a household name, it breaks stories and is used by Fortune 500 companies.Cali Lewis was part of Social Media in 2005 when she created a podcast for geekbrief.tv. Cali is now doing interviews on Traditional Media talking about Social Media.
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I definatly believe that social media is blowing traditional media out of the water. Once the social media genration grows up there will be little hope for traditional. But by that time a new form of media will probably be replacing social media.