The Future Of Journalism
 

The Dwindling Hopes For Journalism's Revival:

"Pittsburgh is about to become the biggest U.S. city without a daily print newspaper,
which means it’s a good time to ask ourselves: How are we gonna turn this thing
around? It’s a pretty short discussion, actually.

Print media is dying a not-so-slow death, along with the newspaper industry, and strong
local news coverage in general is becoming a thing of the past. The formula what worked
for many years—local monopolies making newspapers fountains of money, which
produced huge news budgets in local markets across America—is over, killed by the
internet, Craigslist, Google, Facebook, and whatever magical technology will come next.
We don’t need newspapers, but we do need news. So what is the model that will pay for
it, going forward? There are a limited number of possibilities:"

See:

https://splinternews.com/the-dwindli...val-1828653878

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More on the decline of traditional media:

"The media is collapsing at a shocking rate, and not even Disney is immune. They're gutting ABC News. And this is just the beginning of what will probably be a huge paradigm shift..."


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I would say this is analogous to the anime industry!

There was a time when small companies could get licenses to then unknown anime to sell in vhs in the west. There were many and they flourished. But that all crashed and the next big thing was streaming, where several new startups that started to grown and then consolidate. Nowadays it would be impossible to think someone in their garage will make it big on the field, the playing field now belongs to big corporations.

There was a time when getting a printing press and hiring some people could become a local newspaper that would generate revenue. Then came radio, television & the internet and printed media shrinked in relevance. Then came social media and nobody ever reads the newspaper, not in the numbers required to call it a good business. Nowadays it would be impossible to think someone in their garage will make it big on the field, the playing field now belongs to big corporations.

I think we can blame fox news, he found out that people don't want information, they want to be entertain4ed and be told they are right and that is what big corporations will continue to do.