I see your point. But we do disagree. As presently structured, the DriveBy Media are almost all businesses that must make money to survive. They are for the most part publicly traded companies that must disclose financial data to shareholders in accordance with GAAP (Generally Accepted Accounting Principles). Unless they make money, they will go out of business.
True enough, they print and broadcast DNC talking points, but that monopoly is OVER. And, as you suggest, they may reconstitute themselves as organs of the political parties and funded by them as was prevalent in the 1800's. And who is to say that won't be a better system than what now exists.
Ok, you say “to survive.” I know countless boutique shops that I know do not ever turn a profit, but stay open year after year because the woman’s rich husband writes them off as a tax loss. What is to keep a bigger corporation from writing off such a “news” outlet as a tax loss year after year? As long as the shareholders don’t care . . . .?
Dear abb,LS: Getting back to our thread I admit that in my zeal I overemphasize economics to the point of making it omnipotent as described in FALLACY 1.
A Brief Critique of the Communist Approach to World ProblemsFROM: The Naked Communist by W. Cleon Skousen (1958), pp. 61-88
http://www.amazon.com/exec/obidos/ASIN/1568493673/...
FALLACY 1 -- The first fallacy of Communism is its attempt to over-simplify history. Marx and Engels attempted to change history from a fluid stream, fed by human activities from millions of tributaries, into a fixed, undeviating, pre-determined course of progress which could be charted in the past and predicted for the future on the basis of a single, simple criterion -- economics. Obviously economics have played a vital and powerful role in human history but so have climate, topography, access to oceans and inland waterways, mechanical inventions, scientific discoveries, national and racial affinities, filial affection, religion, desire for explanatory adventure, sentiments of loyalty, patriotism and a multitude of other factors.
OTOH an oligarchy of about a dozen companies (families) did indeed use economics of scale to ruthlessly drive out competitors and thereby secure a virtual monopoly for themselves in providing information. They will suffer truly unimaginable losses (to them) as the Inet thoroughly decimates their virtual monopoly.