Who let the air out of the balloon?
Music, newspapers, books... most forms of media were exciting, high-pressure hothouses, environments with hits and winners and action and impact.
Many players in these industries are now trying to figure out where all the zing went. The mattering seems to have left. Where did it go?
It turns out that the air didn't get let out, the balloon disappeared.
Balloons have pressure because there's only one tiny opening. Scarce shelf space. Only room for one newspaper. Only forty titles on the Billboard chart. It's that opening that creates the environment that allows pressure to exist, that pulls the rest of the balloon taut.