Re:Media Companies Are Getting Sick of Facebook
by gozur88 on Tuesday June 20, 2017 @03:10PM
(#14597541)
I have to assume the money men in the business know what they're doing, at least in the short term, but it seems like many of the moves they made to cut costs reduced or eliminated their core competency as a business.
When I pick up a copy of the NYT I want to see hard news, not "lifestyle" crap about the hot new cocktails in New York bars or a piece weighing the advantages of a sous-vide machine. That kind of stuff I can get in more detail for free from blogs.
Worse still, this reduced revenue for high-integrity high-overhead traditional news outlets, and led to reducing the quality of their journalism because they couldn't afford to maintain the same standards.
So even the better news reporting institutions had to get worse to stay in the game.