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It could be said that that any journalist who covers any subject has a conflict of interest I think that's a really weak claim. Journalism has had significantl
by reissbaker 2y ago
It could be said that that any journalist who covers any subject has a conflict of interest
I think that's a really weak claim. Journalism has had significantly reduced revenues in the late 2000s through today due to the rise of tech platforms that let people learn about what's happening in the world for free online. Both print and online newspaper combined revenue has been wiped back to the 1950s [1], for example. Journalists covering, say, election politics have no more conflict of interest than any other American. But they definitely have more of a conflict of interest covering tech than other Americans! For most Americans, tech has largely contributed to economic improvements: you can buy more advanced products for less inflation-adjusted money, pretty much every year. You have a supercomputer in your pocket and you can talk to your lights and tell them to turn off while you're lying in bed. For journalists, though, tech has been devastating.
You might try to claim that because journalists don't set their own salaries, somehow this removes the conflict of interest. But that implies journalists are incredibly stupid. You can't work in a vastly diminishing field and not realize that it's going to depress your salary and job opportunities over time, regardless of whether you set the salary or not: there's just vastly less money to go around. And that's what tech has done to traditional journalism.
And the NYT is not immune. While it's doing better than its peers (many of whom have gone out of business), it's not doing well: it's experienced approximately zero market growth since its peak in 2002 over twenty years ago, when shares traded for about $48. Today, they trade for $52. And working at the only institution in your field that hasn't experienced total collapse, but has achieved no growth in 20+ years, is obviously going to color your views on the sector that did that to your field.
1: https://www.statista.com/chart/612/newspaper-advertising-revenue-from-1950-to-2012/ https://www.statista.com/chart/612/newspaper-advertising-rev...