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by im3w1l
1976 days ago
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> Has big tech supplanted the media? Yes. Traditional media is struggling greatly because of tech in general and big tech in particular. The profitability has been squeezed out and what remains of media is less trustworthy because of that. |
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Craigslist and the New York Times website probably did more to harm the profitability of newspapers around the country than any FAANG company, and there’s no shortage of new websites claiming to report the news.
Tech is the media’s biggest supporter, but maybe not the media that you grew up with. What’s driving down the price of news isn’t tech, but the new forms of competition tech—big, small, medium, XL, etc.— enables.