Quote:
Originally Posted by Matata
Traditional news media hasn't been profitable in ~15 years and have no value other than a tremendous ability to influence public opinion. Is it really a surprise to anyone that they've all degenerated into being megaphones for the 4-5 corporate conglomerates they're pretty much all a part of?
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Traditional news media has never been profitable. The news division was always considered a lost leader and providing such content was a service to the community and a part of keeping people informed of important matters that affected their lives. Only after the Fairness Doctrine and deregulation made it possible for large corporate interests to buy up media across the country did anyone believe they could turn this function into a profit center. Again, the Fox News Effect comes into play as Fox won the right to tell the public what ever it wanted, regardless of the truth, and as a result was able to cut the new gathering organs to the bone. All they needed was some talking heads and a creative writing staff to broadcast the "news." Its all been down him since then, and Sinclair has taken it to new lows.