There has never been much money in selling news, the value is in controlling public perception, which is unbelievably valuable, and which is why the owners of t

There has never been much money in selling news, the value is in controlling public perception, which is unbelievably valuable, and which is why the owners of the largest newspapers and news agencies don't care if they run at razor thin margins or (as is often the case) losses, it is all about controlling the information channel. This is somewhat less obvious today with the competition from many other open channels of information, but newspapers used to be absolute kingmakers. In the time around World War I they were even used by arms manufacturers in collusion with finance and state actors to drive the arms race in the run-up to the war.