No it doesn't. That's my point. Tech isn't an industry or a category. It's an operating model. The delineation of it being an industry adds nothing of value to any discussion because its so ill-defined.
> But when people talk about media companies, they're talking about NBC
Guess what...NBC merged with Comcast and Comcast is a telecomm company, which guess what...distributes media.
> Panasonic.
Panasonic is a hardware manufacturer...
Alice is a lawyer and Bob is a doctor and a lawyer. Why would that imply that Alice is a doctor?
> Panasonic is a hardware manufacturer...
And Twitter is a communications service.
They're not in the same line of business as the entities that employ reporters.
Ok so they're not a tech company. Glad we solved that. /handshake-emoji/
"Tech" is a fairly broad category that includes both computer hardware and computer software, but these are definitely things that companies produce and sell for money, or produce and offer as services.
But why are we talking about what counts as a tech company when the issue is what counts as a media company? If Microsoft was a "Cloud Services" instead of a "tech" company, Azure still wouldn't be a media entity.
> https://en.wikipedia.org/wiki/Mass_media#Internet
The internet, like broadcast television and cable, is a medium of transmission. But when people talk about media companies, they're talking about NBC, not Panasonic.