What seems ignored by journalists and industry CEO’s is that their liberal, often amoral, view of the world is not shared by most of the customers in their market. These customer were ultimately alienated and lost.
The internet is not only replacing the traditional news media but serves as a “checks and balances” mechanism of all media. Free Republic is a pioneer in this endeaver.
Ann Coulter wrote:
To obscure the overwhelming liberal dominance of the media, the few designated media “conservatives” are cited tirelessly in testimonies to the ideological diversity in the nation’s newsrooms. Democrats in the media are editors, national correspondents, news anchors, and reporters. Republicans in the media are “from the right” polemicists grudgingly tolerated within the liberal behemoth. Republican views must be accompanied by a conspicuous warning: “Partisan Conservative Opinion Coming!” Neutral news slots are reserved for Democrats exclusively. “Balance” is created by having a liberal host a debate between a liberal and a moderate Republican.