“Big Data’s Subsidization of Big Media”
Funny - pretending they are two distinct entities. The article implies they will merge; it already happened. Grim predictions for future elections, too; I was encouraged that Trump was still able to beat Hillary despite enemedia attacks 24/7/365...
That whole story must be re-written for posterity because the only two real lessons from it are 1) Obama was not successful OR popular, and 2) Hillary was loathed by more than half the voters (while she allegedly won more popular votes than Trump, she didn’t reach 50% of votes cast - just her husband didn’t in either of his election wins).
He used the 250 from the CIA!
These aren’t investments. They’re charitable donations by Big Data to Big Brother.
The First Amendment doesn’t make newspapers a public service, nor printers noblemen. The First Amendment assays to, in Mao’s words, “Let a hundred flowers bloom and a hundred schools of thought contend.”The First Amendment famously assays to do so by forbidding the government to regulate speech or newspapers. Our unfortunate situation is that private entities have united to do exactly what the First Amendment forbade the government to do. Namely, to unify the expenditure of money for paper, ink, and transportation of information and opinion in an entity which has substantial sway over the agents of the government. It’s like the Russian joke: “Capitalism is the exploitation of man by man. Communism is just the opposite."
The often-overlooked consideration is that government schools regulate speech and press in institutions which our most impressionable citizens are pressured or required to spend a very great deal of their time.
Meanwhile, George Webb offers this interesting explanation for all the media job cuts—saying they were largely state department passthrough (CIA, etc.) jobs that were being laid off:
https://www.youtube.com/watch?v=-no_ZPyJlKU
iHeartMedia (Clear Channel) is $22 BILLION dollars in debt.
All media is tanking.
https://www.theverge.com/2018/11/1/18052480/apple-iheartradio-investment
Apple is reportedly considering investing in iHeartRadio
By Dani Deahl@danideahl Nov 1, 2018, 2:45pm EDT
iHeartMedia, the largest radio company in the US, is exploring investments with several companies, including Apple, in advance of filing a reorganization plan with bankruptcy court, the Financial Times reports. The company has $20 billion in debt and filed for bankruptcy protection in March.
Sources tell Financial Times that Apple is one of several investors that have been considered, and iHeartMedia is looking for an equity stake worth tens of millions of dollars. An alternate source suggested that deal could look like a marketing partnership rather than a direct cash infusion into the company.
... even with its debt and bankruptcy filing, iHeartRadio has dominance over the radio industry with over 850 stations, and commands considerable power with exposure for acts on big-name events like the iHeartRadio Music Awards...