Re:BuzzFeed to Cut 15% of Its Workforce
by koheripbal on Thursday January 24, 2019 @01:13PM
(#18991251)
For the most part, unfortunately, they run unprofitably, and have required therefor the patronage of high net worth individuals to keep them running.
In an ideal world, there would be a requirement for an organization that labels itself as "journalism", "news", or "reporting" to have a measure of financial independence. ...but as it stands, it seems such independent agencies would not be able to financially sustain itself as so much "news" is free online, and people remain unwilling to pay for less-biased sources of information.
We have entered the disinformation age. If you are not paying for news, you are the product, not the consumer.
In an ideal world, there would be a requirement for an organization that labels itself as "journalism", "news", or "reporting" to have a measure of financial independence. ...but as it stands, it seems such independent agencies would not be able to financially sustain itself as so much "news" is free online, and people remain unwilling to pay for less-biased sources of information.
We have entered the disinformation age. If you are not paying for news, you are the product, not the consumer.