Straight off the presses from Good Morning Silicon Valley — Time Warner’s CEO, Richard Parsons, tells us his feelings about new digital media.

The Googles of the world, they are the Custer of the modern world. We are the Sioux nation. They will lose this war if they go to war… The notion that the new kids on the block have taken over is a false notion.

So, my dear readers — is old media as dead as we sometime believe it, or is Mr. Parson’s right?