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Journalism is basically about disseminating information that is novel, relevant and, most importantly, truthful. If the profit motive becomes incompatible with
by abvdasker 7y ago
Journalism is basically about disseminating information that is novel, relevant and, most importantly, truthful. If the profit motive becomes incompatible with those ideals, Bloomberg can certainly choose to pursue the profit motive instead. But as soon as they choose profit over truth, readers with some level of critical thinking ability should understand that Bloomberg News is no longer doing journalism, they're doing something else.
The best news organizations are built entirely on their reputations, so a strategy that pursues profits at the expense of quality is, to me, probably not one that is good for an organization's longevity.