Is There Hope For The Mainstream Media? | ZeroHedge
It was hard to disagree with the billionaire owner of the Los Angeles Times when he called social media the “cancer of our time.” A free society needs a robust, competitive, self-sustaining news media landscape, and social media seems to have corrupted that. If social is cancer, and the LA Times horrible readership are any diagnosis, that paper is a terminal case.
The Times is just once instance of the vicious cycle in news media. Radical technological changes have disrupted traditional funding models, making traditional types of reporting too unprofitable to sustain. Newsroom staffing has been slashed by one-quarter since 2008, with those left standing horrified they’ll be next.