Yeah but that doesn't help when the entire purpose, when what we need, is an informed general populace.
Yeah but that doesn't help when the entire purpose, when what we need, is an informed general populace.
It's not something the market will solve. The post 1940's US Media landscape was a direct reaction to multiple, non-contained wars in short succession. The political class doesn't feel they've "lost" control in a long time hence no urgency to fix it.
In a lot of cases we're seeing Advertising warp and destroy the industries they provide money to. It's not evil, just that industries start to invert whether the people or the advertisors matter.
I don't think this is quite right. Our parents paid for the newspaper but the newspaper was basically the internet of their time. That is where they got sports scores, movie/tv listings, etc. The fact that this was bundled with hard news was mostly a side-effect.
If the Fed goes back to cutting rates, it could be soon.