Quote of the Day: New Media Edition

Speaking at a conference yesterday, Time Warner's CEO had this to say about the challenge posed by the "New Media":

'The Googles of the world, they are the Custer of the modern world. We are the Sioux nation,' Time Warner Inc. Chief Executive Richard Parsons said, referring to the Civil War American general George Custer who was defeated by Native Americans in a battle dubbed 'Custer's Last Stand.'

Parsons' point is that if Google, et al., do not license copyrighted material, they would ultimately lose a protracted legal battle.