Hacker News new | ask | show | jobs
by PhasmaFelis 2556 days ago
Google made $4.7B off of the news industry, by aggregating other people's stories and advertising on them. None of that money actually went to writers or publishers.

Which is the entire point of the article you linked. If you're gonna be snarky, you should really check to make sure your information is accurate.
1 comments
gipp 2556 days ago
That article -- and the lobbying group "study" it is based on have been pretty roundly condemned even by other journalism organizations e.g. https://www.cjr.org/the_new_gatekeepers/nyt-google-media.php

tl;dr the number is total fabrication

link
PhasmaFelis 2556 days ago
Which only cements the claim that no one is making serious money off of proper news media.
link
vinceguidry 2555 days ago
Has the news industry's economics ever been truly separate from entertainment industry economics? Is the only reason news ever made money was because it offered people a novel form of entertainment?

Did people ever buy news because it was news? Or was this decline inevitable as actual entertainment was always going to eventually be able to offer a better match for what people actually buy?

link