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by ashconnor 596 days ago
This might be bad if the point of owning a newspaper was to make money.
7 comments

The less prestige and readership the paper has, the less influence it has.
I think having a balanced news nowadays is more prestige than a paper that chases a one sided view on politics.
There was a time that all news was required to be fair and balanced. See the fairness doctrine.

https://en.m.wikipedia.org/wiki/Fairness_doctrine

The fairness doctrine only ever applied to broadcast TV and radio. It was considered constitutional on the grounds that these were limited public resources. It never applied to newspapers, cable TV, or web sites, which were far less limited.

It was never really the reason that news broadcasts aimed for fairness. They aimed for fairness because they were journalists, and they considered it a point of pride to be accurate and informative.

The broadcast networks (including Fox affiliates) still aim for that, despite the end of the fairness doctrine. But their markets have been eaten into by cable networks, some of which were explicitly founded as propaganda machines and discovered that people preferred it as entertainment.

That depends on what you mean by 'having a balanced news'. Should reporting present both sides in the same light if the facts support one side more? Does a presidential endorsement from the editorial section of a newspaper corrupt the impartiality of the reporting section of the newspaper?
> Does a presidential endorsement from the editorial section of a newspaper corrupt the impartiality of the reporting section of the newspaper?

It probably does. If your editor, boss and all your colleagues support candidate X and you come up with a story that hurts candidate X, will you really get to publish it? Will you even try to come up with such a story? I'm not saying it's impossible to get this right, but under the current climate I don't think its possible.

traditional media is already losing the influence to be honest. Even big networks like CNN or Fox News are basically dying.

In the era of tiktok, twitter, podcasters and other services - traditional media is just too boring source of news. I would say that even the traditional search will die sooner or later.

I think CNN and especially Fox are already way too sensationalist.

I prefer a good writeup like the guardian does. Not every fart needs to be "BREAKING NEWS".

I'm sure some people crave the hollow mindless screaming of random influencers but there's still mindful people out there.

they are sensationalist because they are trying to imitate the discourse like on TikTok or Twitter - some short sentence that makes people pay attention while reading the headline. It is like "click on us!!!"

And it is getting worse because media has to compete with online media.

> I'm sure some people crave the hollow mindless screaming of random influencers but there's still mindful people out there.

For sure, there are event podcasts with cool and calm discourse too. There are options.

Why does a news paper need influence to being with?
News paper does not need it. But that was response to:

> This might be bad if the point of owning a newspaper was to make money.

Which implies that owner bought it not to make money but to have influence.

Because otherwise it's just some guy's personal journal.
This is likely bad even if the point was other then making money.
Apparently the point of electing a president into office is to make money too
Regrettably, history has shown us there is a section of business owner community that would happily vote in fascists to increase or protect their personal power and profit.
I dunno. I suspect you can only watch people vote against their own interests for so many years before you throw in the towel and decide to just support whoever is going to increase your own wealth.
Bezos bought WaPo when corporate news was a on a clear deccline, and it's consistently lost money on average. Bezos doesn't care, as you said, and it's not about making money but rather controlling a narrative.
The play is somewhere else: "Bezos faces criticism after executives met with Trump on day of Post’s non-endorsement" - https://www.theguardian.com/media/2024/oct/27/bezos-washingt...
Owning media is clearly very profitable for those involved, just not in a direct accounting sense.

The savings in tax go into the billions at least.

I'd guess that the point of owning a newspaper is not "to make money" -- at least not directly.