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I think you could prove this by following the money. I suspect that none of the major news organizations make the majority of their cash flows from advertising.
by jl2718 5y ago
I think you could prove this by following the money. I suspect that none of the major news organizations make the majority of their cash flows from advertising. I would suspect that they are operated at huge losses or increasing debt funded by their ‘shadow customers’. My cursory search was unable to produce any transparent financials. Maybe somebody else can do better.
- thepasswordis 5y agoThat seems extremely unlikely. They’re funded by advertisers.
- jl2718 5y agoOkay then why are they all going broke and being bought by huge conglomerates? Operating at a loss is the same thing as being funded by someone else.
- borkyborkbork 5y agoThe big problem is media is greatly funded by clicks, which leads to picking a demographic and pandering to it. Hence AT&T owning CNN & then coming up with the idea for a network like OAN to cater to a different demographic.