a funny thing about various loud substackers being so spiteful of the moneyed interests of "corporate media" is that—and, I like many 'stacks!—self-employed writers are much, much more exposed to the ruthless bottom-line logic of their biz than, like, a culture reporter at NPR
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Replying to @DKThomp
The problem is the search for affirmation and recognition of value doesn’t disappear, so many end up looking to Twitter and their peers, with the end result that writers write for a small bubble. In this regard the tightness of the feedback loop with readers is a counterweight.
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Replying to @benthompson
that’s a very interesting way to think about it, which also preserves my theory that social influence and peer effects, rather than revenue models, are more to blame for the problems ppl like Glenn specially associate with “corporate” media
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Replying to @benthompson @DKThomp
Too many people who don’t understand traditional journalists/chattering classes think their work is driven by business interests/revenue models. If anything, like many academics, they don’t understand the business side too well.
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I’ve been seeing “bad Facebook coverage is happening because media competes with Facebook.” Lol. Top outlets are doing fine, and will likely do even better in a Facebook world. It will be symbiotic. Two, if journalists *could* be that strategic, the world would look different.
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Replying to @zeynep @benthompson
omg yes. this line of argument has driven me crazy
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It's more complicated than that. Top outlets are doing fine, yes, but I sense a certain level of resentment that they have to rely on FB. Also, FB has been *really* good for ideological rivals. In the war for ideas, FB is not helping the elite MSM win.
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Once again, that is a cultural theory of the resentment, not one about business interests. I think the techie people totally socialized into the vesting options talk don’t understand the cultural impact of the mostly post world-war-ii editorial/business wall.
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It's a dynamic that has repeated itself whenever a new technology platform comes along—newspapers railed against television, radio, the phonograph, etc.
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Lots of people rally against new things, for right and wrong reasons. But tech industry people are *very* attuned to the link between financial rewards/competition/business calculations and their employment, so they misunderstand culture industries.
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Replying to @zeynep @robbysoave and
Plus, in the case of journalism, there was a very specific and *deliberate* “wall” to keep journalism, and thus journalists, insulated from the business considerations because of ethical considerations. That just doesn’t happen elsewhere.
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Replying to @zeynep @robbysoave and
Ask most journalists (or academics) about their institution’s financial structure, you will see they know very little about it. Ask Silicon Valley people about term sheets, vesting, quarterlies, series A, B whatever. THEY KNOW, in great level of detail and highly-motivated by it.
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