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> The only “media” that makes serious money is ... > Google Made $4.7 Billion From the News Industry in 2018, Study Says https://www.nytimes.com/2019/06/09/b

> The only “media” that makes serious money is ... > Google Made $4.7 Billion From the News Industry in 2018, Study Says https://www.nytimes.com/2019/06/09/business/media/google-news-industry-antitrust.html https://www.nytimes.com/2019/06/09/business/media/google-new... Hmm

lotsofpulp 7y ago
Obviously rchaud is referring to people that create media, or in this case, the journalists. I don't see what relevance Google's revenue is to this conversation. They found a way to make money by directing people to other people's work.
- eli_gottlieb 7y ago
  While those "other people" were doing unpaid internships, freelancing, and filing for unemployment insurance. Something seems very profoundly wrong with this picture.
PhasmaFelis 7y ago
Google made $4.7B off of the news industry, by aggregating other people's stories and advertising on them. None of that money actually went to writers or publishers. Which is the entire point of the article you linked. If you're gonna be snarky, you should really check to make sure your information is accurate.
- gipp 7y ago
  That article -- and the lobbying group "study" it is based on have been pretty roundly condemned even by other journalism organizations e.g. https://www.cjr.org/the_new_gatekeepers/nyt-google-media.php https://www.cjr.org/the_new_gatekeepers/nyt-google-media.php tl;dr the number is total fabrication
  - PhasmaFelis 7y ago
    Which only cements the claim that no one is making serious money off of proper news media.
    - vinceguidry 7y ago
      Has the news industry's economics ever been truly separate from entertainment industry economics? Is the only reason news ever made money was because it offered people a novel form of entertainment? Did people ever buy news because it was news? Or was this decline inevitable as actual entertainment was always going to eventually be able to offer a better match for what people actually buy?

lotsofpulp 7y ago

Obviously rchaud is referring to people that create media, or in this case, the journalists. I don't see what relevance Google's revenue is to this conversation. They found a way to make money by directing people to other people's work.

eli_gottlieb 7y ago
While those "other people" were doing unpaid internships, freelancing, and filing for unemployment insurance. Something seems very profoundly wrong with this picture.

PhasmaFelis 7y ago

Google made $4.7B off of the news industry, by aggregating other people's stories and advertising on them. None of that money actually went to writers or publishers. Which is the entire point of the article you linked. If you're gonna be snarky, you should really check to make sure your information is accurate.

gipp 7y ago
That article -- and the lobbying group "study" it is based on have been pretty roundly condemned even by other journalism organizations e.g. https://www.cjr.org/the_new_gatekeepers/nyt-google-media.php https://www.cjr.org/the_new_gatekeepers/nyt-google-media.php tl;dr the number is total fabrication
- PhasmaFelis 7y ago
  Which only cements the claim that no one is making serious money off of proper news media.
  - vinceguidry 7y ago
    Has the news industry's economics ever been truly separate from entertainment industry economics? Is the only reason news ever made money was because it offered people a novel form of entertainment? Did people ever buy news because it was news? Or was this decline inevitable as actual entertainment was always going to eventually be able to offer a better match for what people actually buy?