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The Fourth Estate didn't abandon that job in the 80s, private equity companies saw their advertising based recurring revenue streams, bought them in LBOs, decim
by L_Rahman 7y ago
The Fourth Estate didn't abandon that job in the 80s, private equity companies saw their advertising based recurring revenue streams, bought them in LBOs, decimated the teams and extracted profits until nothing was left.
Online advertising finished off the rest.
- dgellow 7y agoTo be bought you have to accept to sell. That’s maybe what the other commenter meant by “abandon their job”.
- wallace_f 7y agoCIA and military have much deeper, more significant roles in media, hollywood then you would believe. This information is freely available through Google searches. But there is also a trend where the big media corporations seem to be turning to evil. I mean, I don't know what better word there is for it. What I mean is the kind of stuff described here: https://www.salon.com/2016/09/20/betraying-snowden-theres-a-special-place-in-journalism-hell-for-the-washington-post-editorial-board/ https://www.salon.com/2016/09/20/betraying-snowden-theres-a-...