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There Are Green Shoots in the Media World

The media landscape is very grim. Thomas Jefferson once famously said he would prefer newspapers without a government over a government without newspapers. A modern version of that would replace "newspapers" with "media outlets," since recycling trees isn't really the essence of journalism in the 21st century. It is about investigative journalists looking for and publicizing things the government would rather not publicize. They are not going the way of the dodo, but times are tough and courage is scare in legacy media outlets.

There is a lot of bad news on the news front, what with mergers, retrenchments, and billionaires buying and silencing publications. As more and more legacy media companies are bought by billionaires or silenced by their owners, is there any hope for investigative reporting?

Here are some of the problems. The billionaire owners of The Washington Post and The Los Angeles Times killed endorsements of Kamala Harris carefully prepared by their respective editorial boards. Donald Trump has sued the Post, the Times, The Des Moines Register and even the Rupert-Murdoch-owned Wall Street journal. He hasn't won all of them, but he has put them on notice to behave or else.

Now on to television. When Trump threatened ABC News, it paid him $16 million in tribute. Paramount, which owns CBS, also paid Trump $16 million to make him leave them alone (for the moment). If you think this will not interfere with their editorial policy going forward, good luck with that. And Bari Weiss, who now runs CBS news, is not likely to be compared to Edward R. Murrow or even Walter Cronkite. Trump has also sued NBC. As soon as Paramount completes the deal to buy Warner Bros. Discovery, the Ellisons, who run CBS, will also run CNN.

The Times is often critical of Trump, but still pulls its punches a lot now. Other than that, the legacy media, both print and broadcast, has been completely cowed. And if they published something critical and got sued, they know that finding a law firm would be difficult because most of the big ones have been neutered by Trump as well.

Is journalism and its buddy, Truth, now dead? Maybe not. Let's take a look.

The conclusion is that while legacy mass media outlets are mostly caving to Trump, there are some small to medium outlets that are springing up, mostly digital (which saves the enormous expenses of printing a paper newspaper or having television broadcasting equipment). A number of them do serious original reporting. Some of them have quite a bit of starting capital and large ambitions (like The Star aiming to supplant The Washington Post).

The media landscape is changing. For decades, newspapers and broadcast television were dominant. Newspapers are dying (or going digital) and increasingly many people, especially young people are "cord cutters" and no longer subscribe to cable television. They get their news from online sites like the ones above and others that straddle advocacy and reporting (like MMfA) and social media, which is an open sewer of misinformation. When new industries are born, initially there are many players. In 1910, there were an estimated 400 companies manufacturing cars in the U.S. Eventually some go under and others merge. It is likely that the many online news sites will eventually merge into a smaller number with larger staffs and more coverage. They will come to rival and probably surpass current newspapers and linear television, especially since younger audiences are not interested in newspapers or television. (V)



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