What is New Media?

I hear the term “New Media” thrown around just about as much at Web 2.0. It seems that it is hard to define these terms at a time where so much can change from day to day. What is it that changes? The technology is certainly changing, with the onset of new portable media products such as the iPhone and the Kindle just within the last year, new power has been brought to the palm of the user.

That seems to be the biggest trend in “New Media” and “Web 2.0” The power being shifted to the consumer. We no longer depend on big business for providing the content on their terms.