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Layoffs And Closings Help Explain Why Media See 'Depression' As Real [MSM Bias Must Read]
Investor's Business Daily ^ | July 3, 2008 | Dan Gainor

Posted on 07/04/2008 5:32:16 AM PDT by Zakeet

One of the hardest things for reporters to do is to distance themselves when they become part of a story. That's precisely the problem with journalists covering the U.S. economy.

We're a long way from it being what NBC claims is "a bust." We're not in another "Depression" either, despite dozens of network stories to that effect. But many journalists think things are that bad because their own industry is in chaos.

Ad sales have plummeted and online sales aren't making up for it. Media outlets are closing or laying off staff. There are at least 4,000 fewer jobs for reporters and editors than in 2000, according to the Project for Excellence in Journalism.

The list of media laying off or buying out staff includes some of the best-known outlets: the New York Times, Washington Post, Los Angeles Times, St. Petersburg Times, Media General, Tribune and Thomson Reuters. And those are just since May.

Top names in journalism are walking out the door or being pushed. Such popular writers as David Broder and Tony Kornheiser joined more than 100 co-workers to take the latest buyouts at the Washington Post — the third round in just five years. The newsroom is down 25% as a result, according to the paper's media critic, Howard Kurtz.

[Snip]

As many as 19 of the top 50 metro newspapers in America are losing money today, and that number will continue to grow.

[Snip]

The few that survive will be smaller and possibly even free.

(Excerpt) Read more at ibdeditorials.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: economy; mediabias; msm; recession
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Reporters blur the lines every night on the evening news, convinced the problems impacting media must reflect society in general. That same sense of self-importance has undermined journalism for decades and now does the same to the U.S. economy.

1 posted on 07/04/2008 5:32:17 AM PDT by Zakeet
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To: Zakeet

Great humor pic of CBS news studio, but isn’t the pictured “reporter” a bit too right-wing for CBS?


2 posted on 07/04/2008 5:37:28 AM PDT by Da Coyote
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To: Zakeet

getting progressively harder to sell useless liberal crap isn’t it?


3 posted on 07/04/2008 5:43:33 AM PDT by fatrat
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To: Zakeet

Layoffs among the media is good. Too many reporters living in fantasy worlds. They need an honest job, like selling pencils or apples on a street corner.


4 posted on 07/04/2008 5:52:08 AM PDT by Brilliant
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To: Zakeet

“An American Journalism Review analysis was titled “Why a lot of newspapers aren’t going to survive” and included a prediction that “a lot of major metros” will close.”

It should come as no surprise. Not only are they based on an obsolete and outmoded information system, they lost all credibility with their readership by slanted, biased, and plainly fabricated news stories. Its syblings in the Televison broadcast industry are following the same downward spiral with steady declines in viewership. There are hundreds of cable channels available to me 24/7. There’s nothing to watch. Say goodnight, boys. Game over.


5 posted on 07/04/2008 5:53:21 AM PDT by PowderMonkey (Will Work for Ammo)
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To: Zakeet

News is easy...who, what, why, when ,where and how. People will pay for facts readily and accurately delivered.

Propaganda...on the other hand?...not so sure...big effort to try wrap your own opinion in a cloak of dubious objectivity..and then sell it as unvarnished fact.

If I were a shareholder in one of those outfits..I’d wonder whether or not the board had neglected its responsibility to provide appropriate editorial oversight of the content to protect the value of the industry I’d bought into in good faith. But fortunately I’m not!!


6 posted on 07/04/2008 6:05:08 AM PDT by mo
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To: Zakeet
Lay Off and close down the anti-American left-wing Media. Help save the planet close them down and save greenhouse gas!!!!!
7 posted on 07/04/2008 6:05:57 AM PDT by YOUGOTIT (The Greatest Threat to our Security is the Royal 100 Club)
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To: Brilliant
They need an honest job, like selling pencils or apples on a street corner.

Disagree.

Let them keep lying.

We don't need anymore honest people competing with us.

8 posted on 07/04/2008 6:10:35 AM PDT by HIDEK6
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To: Zakeet
Other than the Internet, the primary reason that many DBM mullet wrappers are disappearing is that years ago they deviated from a straight news format to editorializing on the front page. That move was and still is suicidal in journalism and always will be.

Bias will always be outed by readership, it's just a matter of how long it takes.

9 posted on 07/04/2008 6:10:35 AM PDT by rodguy911 (Support The New media, Ticket the Drive-bys, --America-The land of the Free because of the Brave-)
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To: Zakeet


10 posted on 07/04/2008 6:21:49 AM PDT by Chode (American Hedonist ©® - CTHULHU/SHOGGOTH '08 = Nothing LESS!!!)
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To: Brilliant

Cleaning chickens for Tyson would be much better.


11 posted on 07/04/2008 6:28:38 AM PDT by Vaduz (and just think how clean the cities would become again.)
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To: mo
If I were a shareholder in one of those outfits..I’d wonder whether or not the board had neglected its responsibility to provide appropriate editorial oversight of the content to protect the value of the industry I’d bought into in good faith. But fortunately I’m not!!

Exactly.

They have a whole generation of internet savvy readers now......and the older readers who believed everything in print.... are becoming a dying breed.

12 posted on 07/04/2008 6:36:07 AM PDT by LaineyDee (Don't mess with Texas wimmen!)
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To: Zakeet

They can’t “distance themselves”. They went into journalism to convince the public that their agenda is right. It’s their life’s work, their passion.


13 posted on 07/04/2008 6:44:13 AM PDT by BooksForTheRight.com (Fight liberal lies with knowledge. Read conservative books and articles.)
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To: Zakeet

The lumber market is tough, but it could be worse. Could be working for ABDNCBS?

The imagination and creativity of the internet has shown how talentless the Establishment Press really is.

Pray for W and Our Freedom Fighters


14 posted on 07/04/2008 6:55:34 AM PDT by bray (Drill Congress!!!)
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To: Zakeet

Very insightful article - thanks.


15 posted on 07/04/2008 6:57:14 AM PDT by tentmaker
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


16 posted on 07/04/2008 6:59:11 AM PDT by abb (Organized Journalism: Marxist-style collectivism applied to information sharing)
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To: Zakeet
Layoffs And Closings Help Explain Why Media See 'Depression' As Real

Great insight!

17 posted on 07/04/2008 7:02:14 AM PDT by syriacus (Democrats got THEIR "change" in Election 2006. Are WE better off now?)
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To: Zakeet
When a producer of any product starts producing his product for his own purposes and not the needs of his customers, he will inevitably fail. People aren't going to pay for a product which they don't like - if they can freely choose another product which fulfills their need.

In a free society, there is a servant/master relationship between the seller of a product and the buyer. The MSM long ago stopped being a servant of their customer's needs for honest news and instead worked to become the masters of control over their information and lives through promotion of their own twisted socialist world view.

A normal, free people aren't going to buy that sort of scam when they finally catch onto it - as they now are starting to do - and will flee to an alternative, which they are doing. Of course, the government buddies of the MSM will try and stop the free choice through such things as political censorship aka as Campaign Finance Reform and "Fairness Doctine".

18 posted on 07/04/2008 7:05:21 AM PDT by Gritty (The titans of the major media think the voters have to be reformed, not the media-Brent Bozell)
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To: Zakeet

In this day and age, particularly with the bias of the media, the most low-life, bottom dwelling, scum sucking profession is that of a ‘journalist’ having only recently taken that mantle from the former, lawyers....


19 posted on 07/04/2008 7:18:35 AM PDT by Gaffer
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To: Brilliant

Meanwhile, at the EIB Southern Command...the rustling of one-thousand-dollar bills, as Rush rolls on them with his gloriously naked body.


20 posted on 07/04/2008 7:18:43 AM PDT by rabidralph (Dems now have Oil Derangement Syndrome)
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