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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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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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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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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but low to mid range has been hollowed out. local newspapers in kansas city or chico. pick a local paper & count stories in 1986 & 2016
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it's been replaced with people reading stuff on social media
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