Media is almost always a money loser, and more-often-than not a ’company paper’ a la Amazon & WaPo. Sometimes the funding is less obvious, e.g. mainstream TV, b

Media is almost always a money loser, and more-often-than not a ’company paper’ a la Amazon & WaPo. Sometimes the funding is less obvious, e.g. mainstream TV, but major advertisers accept a negative return on the ads themselves in order to support the market-forming functions of the channel (impact on regulation, etc).