5 ms·
I suspect the third reason might be that most media is owned by a handful of people. If there's no money in news, why are these companies owned by billionaires?
by slickdork 2mo ago
I suspect the third reason might be that most media is owned by a handful of people. If there's no money in news, why are these companies owned by billionaires?
[0]https://en.wikipedia.org/wiki/Concentration_of_media_ownership https://en.wikipedia.org/wiki/Concentration_of_media_ownersh...
- zhivota 2mo agoThere's not much money to be made by doing quality news, but plenty to be made in click bait crap news. And if you're a billionaire there's a lot of intangible value in owning news outlets.
- Ferret7446 2mo agoMainstream media effectively lets you control the people. Being able to control how people vote is worth a lot of money.