Re:What the Hell Is Going On? Effects of Information Abundance
by lasagnaphil on Sunday March 17, 2019 @02:39PM
(#19415564)
The article later tackles this by examining the love-hate relationship between Trump and left-wing media
(although just briefly):
The more they covered Trump, the more they danced to the music of check deposits. CBS president Leslie Moonves said: "It may not be good for America, but it’s damn good for CBS.” Or in the words of one Washington-based reporter: "‘Holy shit, Trump’s the best thing that’s ever happened to our business!’"
In short, as the amount of information exploded, the media — with business models built for an environment of information scarcity — engaged in a Faustian Bargain. Naval Ravikant said it best: "The Internet commoditized the distribution of facts. The ‘news’ media responded by pivoting wholesale into opinions and entertainment.
The more they covered Trump, the more they danced to the music of check deposits. CBS president Leslie Moonves said: "It may not be good for America, but it’s damn good for CBS.” Or in the words of one Washington-based reporter: "‘Holy shit, Trump’s the best thing that’s ever happened to our business!’"
In short, as the amount of information exploded, the media — with business models built for an environment of information scarcity — engaged in a Faustian Bargain. Naval Ravikant said it best: "The Internet commoditized the distribution of facts. The ‘news’ media responded by pivoting wholesale into opinions and entertainment.