Posted on 01/30/2024 1:39:14 PM PST by E. Pluribus Unum
The far-left Atlantic’s Paul Farhi is calling on taxpayers to save the corporate media from an “extinction-level event.”
Farhi was once the left-wing media reporter for the disgraced Washington Post. During a recent round of layoffs at the failing Post, Farhi accepted a buyout. Now he believes that the same people the corporate media insult, demean, and misinform (you and I) should bail out this fascist institution:
The outlook for 2024 seems especially cloudy to Sewell Chan, the editor in chief of The Texas Tribune, a nonprofit publication that has been held up as a sustainable news-business model. Chan told me that the past year has been as gloomy for the news industry as 2008–09, the start of the Great Recession, when a number of titles went under. “I fear 2023–24 could be another extinction-level event,” he said.
Chan ticked off a handful of ominous trends: slow-growing ad budgets; rising inflation, which has stymied subscription growth; and a shortage of engineering and newsroom-tech talent that has crimped innovation. Chan suspects that audiences are experiencing subscription overload—too many streaming services, Substack newsletters, and digital publications chasing not enough would-be customers. Then there’s the decline in public trust in news media, a long-running phenomenon on the right that has recently become more bipartisan. An October Gallup poll showed a decline of 18 percent in media “trust” among Democrats and 13 percent among independents over the previous year. Chan also suggested that the media is turning off potential readers by being too relentlessly negative.
That makes some sense to me, but then we come closer, to the moral of the story…
(Excerpt) Read more at breitbart.com ...
“taxpayers to save the corporate media from an “extinction-level event.”
Not sure I can come up with a worse idea?
Let ‘em all burn.
During Obama’s presidency, the corporate media asked for $60 billion a year in subsidies to stay solvent. It didn’t happen.
Bail them out? Hell, I’m wondering if I can lay up enough popcorn for all the firings going on and the promise of more corporate media firings to come.
The same people who advocated lockdowns and closing businesses? F them.
We need to fund stadium events of mass media circular firing squads.
Let them do their extinction event with class!
;-)
“We’re sorry, but... they are gone, they’re gone. And there was nuttin we could do. Sorry.”
A line from “Goodfellas”, 1990
But then I realized that the spectacle would probably raise a grand total of about fifty cents.
“There was a mistake, and now he’s gone.”
They should learn to code.
The media has long needed to heed Michael Jordan’s famous line when he was asked why he didn’t flaunt his liberal beliefs:
“Republicans buy shoes, too.”
Its a problem for them, if nobody wants to buy what they are selling.
The media business has changed. People dont read newspapers anymore. People dont want to pay fo an internet subscription. Maybe the business model doesnt work any more.
The media is pandering to people who have no money anymore, thanks in large part to the media.
Nope....adapt or die......
Who wants to pay a subscription for a publication that tells its readers "you suck"?
Kiss my grits, Atlantic!
Paul Farhi can go bleep 🤬 himself.
My thoughts exactly.
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