Do big media companies stifle creativity?

8 years ago, when I was a non-corporate media person whose great creative idea spawned a $6MM division, I’d say no, good big media companies don’t stifle creativity.
3 years ago, as a VP at Netscape/AOL, I would have said, “Well, it depends who’s backing your ideas and what level you’re at–I was paid great money to be creative.”
Now, out on my own and glad about it, my response to the question is “Of course big media companies stifle creativity–and they know it–and that fact scares them silly.”
Cory Berman of Lost Remote asked this question after reading this article in the LA Times.