| I don’t think there is much doubt that traditional media companies put profits over reporting and facts. It is difficult to critique war when defense contractors buy up much of your ad space. Likewise, it is difficult to critique big pharma when pharmaceutical companies buy up many of your ads, etc. The problem with the proposal to make the news publicly funded is that that just replaces one set of incentives with another. If governments dictate when media outlets receive funding and how much, then it is unlikely that said media companies will be overly critical of the government. This same kind of thing has started to creep into other parts of society like the public education system where standardized test scores are often considered more important than a well-rounded education. Personally, this is why I like the business model of places like Substack where you can find specific journalists you trust to actually hold people in power accountable and can support them directly. Finding truly unbiased information these days is not easy. Speaking of Substack, I highly recommend this three part series about conflicts of interest and media companies: - https://rebeccastrong.substack.com/p/big-media-big-conflicts... - https://rebeccastrong.substack.com/p/the-monopoly-on-your-mi... - https://rebeccastrong.substack.com/p/the-monopoly-on-your-mi... |
Anyway I actually agree that traditional media fails to put the truth first. But the reasons are way more complicated than your post indicates. Raytheon is not buying ads in the Condé Nast magazines, the WSJ, CNN etc.
There are a number of reasons these media orgs fail the truth. Certainly money is part of it. But I think the biggest single reason is how they source their stories. It is rooted in history and inertia and laziness and a certain awe of power. They are very comfortable talking to institutions and way less comfortable dealing with individual actors. Workers, dissidents, whistleblowers, the disgruntled, call them what you will. Finding a real human experience is so much harder than being spoon fed by people paid to make you swallow easy truths.
I mean, it’s 1000x easier now than it was 25 years ago. But learning how to listen to and vet that information is still hard, and digging on it is hard, and it’s all incredibly risky. No one ever got fired for printing an Apple statement. No one ever got dragged on Twitter because their corporate PR source got exposed and arrested.