This essay underscores the challenges now faced by the information industry and journalism companies, specially in less developed countries, in these new times of political and economic freedom and of the globalization of markets. It notes in particular the need to improve and perfect methods of compilation, storage and distribution of information on an ongoing basis. It also holds in this context that it would be a serious error to grant graduates of journalism schools a monopoly on the practice of the profession since this would work to the detriment of society as a whole as well as the programs of study at journalism schools.