2 ms·
> And profit isn't a real consideration for major news companies. You names WaPo and NYT but those are tiny in reach and revenue compared to CNN or Fox News, w
by akiselev 8y ago
> And profit isn't a real consideration for major news companies.
You names WaPo and NYT but those are tiny in reach and revenue compared to CNN or Fox News, which are both extremely profitable. Bezos WaPo for $250 million which is barely more than a third of CNN's profit in 2018 [1] and Fox's profitability is even bigger [2] with a giant warchest after the sale of its other media assets. The television news channels that most Americans get their news from are very profit motivated and some like Fox have found idealogical niches that are consistent across media empires like News Corp but they all just push outrage for profit.
[1] https://www.theinformation.com/briefings/cf4270 https://www.theinformation.com/briefings/cf4270
[2] https://www.bloomberg.com/opinion/articles/2019-03-28/fox-news-shows-what-outrage-is-worth https://www.bloomberg.com/opinion/articles/2019-03-28/fox-ne...