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A comment on Epistemic Collapse at the WSJ. Parent comment
Because it's cheaper and lets it survive.
The unspoken undercurrent is that Google and Facebook ate the ad spending that used to fund journalism, without replacing its function.
Google and Facebook don't fund journalism at scale -- that's why their profit margins stay at 23% & 40%.
Without revenue, reporters don't get paid, high quality reporting doesn't get done, and newsrooms grovel for any source of margin.
Which currently seems to be {minimal cost "journalism"} + {catering to power in exchange for access}.
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Because it's cheaper and lets it survive.
The unspoken undercurrent is that Google and Facebook ate the ad spending that used to fund journalism, without replacing its function.
Google and Facebook don't fund journalism at scale -- that's why their profit margins stay at 23% & 40%.
Without revenue, reporters don't get paid, high quality reporting doesn't get done, and newsrooms grovel for any source of margin.
Which currently seems to be {minimal cost "journalism"} + {catering to power in exchange for access}.