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The media will always be controlled by powerful people. If a media outlet has a self-sustaining profitable business model, it will bestow power upon its owners
by qq66 13y ago
The media will always be controlled by powerful people. If a media outlet has a self-sustaining profitable business model, it will bestow power upon its owners and managers. If it loses money, it will be taken under the wing of an otherwise wealthy and powerful individual.
- alfiejohn_ 13y ago> If a media outlet has a self-sustaining profitable business model Take a look at who owns The Guardian: https://en.wikipedia.org/wiki/Scott_Trust In 1992, the Trust identified its central objective as being the following: - To secure the financial and editorial independence of The Guardian in perpetuity: as a quality national newspaper without party affiliation; remaining faithful to liberal tradition; as a profit-seeking enterprise managed in an efficient and cost-effective manner. The Trust sees its main functions as being the following: - To secure the Trust's own continuity by renewing its membership and by dealing with threats to its existence; - To monitor the organisation, financial management and overall strategy of the Group, holding the board accountable for its performance; - To appoint and 'in extreme circumstances' to dismiss the editors of The Guardian and The Observer, - To act as a 'court of appeal' in the event of any dispute between the editorial and managerial sides of the operation.
- lemming 13y agoThis is why I religiously read and pay for the Guardian. They still run massive losses but I do what I can - they're the best news source I've found by far.