MSM death watch
Posted October 29th, 2008 at 8:09 AM by Jon HamIs anyone else reminded of buggy whips and dodo birds?:
Gannett will cut 10%. Time, Inc, announces job cuts and major restructuring. And Newsweek is hemorrhaging revenue: “Newsweek net income results for the first half of the year went from $133.2 million in 2007 to $36.5 million, which isn’t so much a ‘moderately weakened’ business, so much as a ‘holy sh*t, time to fire everyone’ business.”
And you can’t blame it on Wall Street meltdown, either:
But bloggers, untrained, in a couple of years have shown that millions upon millions of dollars have been wasted in this country on journalism degrees.
October 29th, 2008 at 9:09 am
“But bloggers, untrained, in a couple of years have shown that millions upon millions of dollars have been wasted in this country on journalism degrees.”
I’m not sure I 100% agree with this. I would say that the more relevant factor is that bloggers actually seem to be motivated to dig for the truth; and with so much information being accessible through the Internet nowadays, a motivated blogger with even basic investigative skills can be more effective than a highly-educated newspaper journalist who either doesn’t give a damn or who has drunk the liberal Kool-Aid.
In any event, when newspapers become as utterly useless as they have, and when weekly magazines are even worse because their information is not only biased but really, really out-of-date, it’s no wonder that many people have given up on the print media completely and now rely on the always-fresh, mostly-unbiased, and almost always free world of Internet journalism.
October 29th, 2008 at 9:19 am
I’m betting that McClatchy and the Times Company, etc will be bailed out by Obama and the New ‘Bipartisan” Democrat Congress.