Hmm. I might be in the minority: I don't think the media is broken in terms of function, just unprofitable
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Replying to @vgr
those two points are inexorably connected. An organization's power is directly correlated to profit margins
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and an organization's likelihood to be hijacked to serve other ends is directly correlated with the # of powerful neighbors it has
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Replying to @calcsam
that's always been true. It's just that hijackers are changing. News free-rode on ads, now needs new host.
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Replying to @vgr
in 80s newspapers had local oligopoly on local news, classifieds & ads, driving margins up. in world of online ads & social media, gone
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Replying to @calcsam
yes, I know the story. My claim is biz model vagaries have not affected news quality much. Quality decline exaggerated
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the product produced by the top end of the market (NYT, WSJ) hasn't changed much
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reach has contracted slightly, but whatever
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reach has entirely collapsed in the middle tier, Gannet empire small town types. But that still doesn't affect my point.
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