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I don't know enough about Le Canard Enchainé's business model to comment on the accuracy of your comment, but even if you are correct, is it not the exception that proves the rule?  Very occasionally the Irish Times might do an in depth feature which required a lot of investigation (probably as a loss leader), but smaller titles which tried to do the same have failed in Ireland - probably because the media market is small.

The Washington Post did the Watergate expose and seems to have been living off (and living down) that coup ever since..  The current "States of Play" thriller (which I haven't seen) is all about heroic journalist who breaks big story against mega corporate interests.  But how often does this really happen?  The commercial reality is that celebrity rags do better, and it is so much easier and cheaper to overlay the press releases with some op-ed to provide the veneer of critical objectivity.

notes from no w here

by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Wed May 27th, 2009 at 10:19:25 AM EST
[ Parent ]
has been doing investigations on a systematic basis for decades. It has also been consistently profitable, with no adivertising whatsoever (ie ony from sales and financial income on reserves - they never distribute any profits).

They've been behind most of the major scandals in France over the past 40 years.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed May 27th, 2009 at 10:50:15 AM EST
[ Parent ]
Jerome a Paris:
They've been behind most of the major scandals in France over the past 40 years.

Presumably you mean they have exposed them rather than been behind them!

notes from no w here

by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Wed May 27th, 2009 at 10:58:55 AM EST
[ Parent ]
How do they do it?  Any articles on it?  Do they have a big endowment?  I am aware of at least one newspaper that was turned into a ESOP to benefit the staff by the daughter and son-in-law of the last "for profit" publisher.  I would think that this sort of model, rather like what was described for The Irish Times, could be a good one.  The bigger the endowment the better, but I suspect the arrangement would have to be set up during the lifetime of the benefactor in order for it to have a chance to endure.  Many interests would have a strong desire to neuter if not smother such enterprises.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu May 28th, 2009 at 11:48:35 PM EST
[ Parent ]
I don't know enough about Le Canard Enchainé's business model to comment on the accuracy of your comment, but even if you are correct, is it not the exception that proves the rule?

You could also argue that it proves that when broadcast media play to their strengths, it works.

The fact that most broadcast media fail to do so is no more an indictment of the media platforms in and of themselves than the election of Václav Klaus is an indictment of representative democracy as a whole.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed May 27th, 2009 at 05:53:27 PM EST
[ Parent ]

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