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However the last 2 years have seen major problems arise for both the print and broadcast industries. Newspapers have seen year on year declines of up to 10% in circulation and this can be seen in demise of the Finnish newsprint mills. Mainstream TV channels have seen a similar dissipation of their audiences and falls in ad revenue.
They've come up with 3 solutions: go downmarket, get interactive or put up firewalls/monetize some content. Or all three. One and Three are not going to work for the mainstream media: catering to pond life is a dead end street, and, as we are all aware, hiding content that was previously available for free only works if you have a monopoly on the content.
Solution number 2 leads to the 'setting them up for a fall' method which you point out. The online versions of the msm think that by polarizing their audiences in setting up celebrity and shooting it down, they will create a lively debate among different sections of their audience. What they get is acres and acres of uninformed and tiresome ranting = another dead end street.
It's all about celebrity today: politicians, CEOs, and heads of state have joined the traditional celebs. It is a weird and unprecedented mass obsession. I really don't know where it will lead, but it won't be a good place. You can't be me, I'm taken
People forget that the fall in sales did not preceed the massive job losses in editorial journalism, it followed it. The job losses were brought about by financial management that required 30% return on investment per annum. Then we ended up in the msm death spiral as dumb content failed to attract readers and so needed ever greater cuts to keep the profits up. keep to the Fen Causeway
It "has to pay for itself" (i.e. be made profitable for some rentier somewhere) so jack the prices up and reduce the service... which reduces ridership... which reduces revenues... so jack the prices up some more... rinse, repeat until the patient dies. The difference between theory and practise in practise ...
The job losses were brought about by financial management that required 30% return on investment per annum.
For all the good it did, there were a lot of us, in various newsrooms at the time, yelling and hollering that This. Will. Not. End. Well. But as someone said, your voice is guaranteed being heard only if you own the printing press.
This has largely been achieved by going 'upmarket' and making decently budgeted drama series. You can't be me, I'm taken
It's all about celebrity today: politicians, CEOs, and heads of state have joined the traditional celebs. It is a weird and unprecedented mass obsession. I really don't know where it will lead, but it won't be a good place.
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