All three newspapers I worked for are now out of business.
I predicted it. They brought it on themselves.
TV's not doing so great, either.
I've also mentioned that with the ascent of such entertainment as Hulu and Netflix the TV news is going to be hollowed out - and good riddance. Eight dollars a month for Hulu? About $12 without ads? They're entertainment - and why should they do any news at all?
Who takes seriously clowns like Chris Wallace and George Stephanopoulos?
In my first classes I was taught - and it's true - the media (now called the Mainstream Media) are "gatekeepers." They decide what's news and what's not news.
The gatekeepers are gone, destroyed by the Internet. No one saw it coming, not that I know of. I sure didn't.
The people now decide what's news and what's not news. Anyone can open their own blog. The people are the gatekeepers now. That's the beauty of decentralization.
Now of course there is a lot of nonsense on the Internet, and some of the nonsense makes it onto my own blog with some of the ludicrous comments I get. Not to mention the out-and-out lies. But people see though it.
At first the MSM tried to fight back, claiming bloggers weren't "real" journalists. I don't see that anymore. The Internet has become too powerful.
The print media is supported by advertising. The purpose of the print in most newspapers was to provide filler around the ads.
I once made up a story - and no one noticed.
I also found most of the advertising executives were close to being morons.
Some of the journalists were incompetent and so were the advertising people. Most of them don't even read the newspaper they work for.
No wonder print media is almost dead. I'm surprised it took so long.
I do empathize with all the people who’ve lost their jobs. They were just innocent victims. But this is an example of what Joseph Schumpeter called the “creative destruction” of the free market.
I know a lot of younger kids - say early 20s - who almost never watch TV. They get their information off of their smartphones. And they don't trust the MSM at all.
Occasionally I'll watch the PBS news. There are people on it who have no business being on TV, like Bonnie Erbe and Gwen Ifill.
A lot of PBS is supported by the federal government, which it should not do. That funding needs to be withdrawn.
The purpose of government is to support the well-being of the people, not try to propagandize them.
The only thing I see as still healthy is radio - and I have always preferred radio to TV. Radio is far more entertaining than all the newspapers that went out of business - and if something is not entertaining it will never last.
I doubt the newspapers in huge markets will ever go under. I had a girlfriend in college who won a Pulitzer Prize - and the last I heard she works for the daily in Los Angeles.
But newspapers in lesser markets? That's a different story (the newspaper in my hometown, never entertaining, went under a long time ago - and the building is now empty).
The future is going to be interesting indeed. But then, it always is.