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jgalt212 a day ago

That's true, but then again, CNN is a mere husk of its former self. Something needs to change, but maybe it's too late for profit-driven news media.

xp84 a day ago | parent | next [-]

It’s been more than a decade when CNN was a respected institution. I agree it’s too late for the news media in general. Their incentives are unfortunately all lined up just like social media: pure ragebait is the fully optimized product. The only thing changing from now on is fine tweaks to get it slightly more… ragey.

petilon a day ago | parent [-]

Bloomberg and Economist seem to be doing OK, so it is possible.

xp84 a day ago | parent [-]

I'd roughly agree they are, but they have clearly positioned themselves in the opposite way as the mainstream media - the rest compete for ad-supported clicks and views; those two are fully paywalled and at a price that deliberately drives away anyone below say, the 90th percentile by income or wealth.

That resembles, to me, how newspapers used to be - except instead of a small fraction of people being willing to pay for quality news, roughly two thirds were (62 million subscribers out of 92 million American households in 1989 [1]). Like Bloomberg today, their incentives were to provide information for serious people and to cultivate a trustworthy reputation, rather than to enrage people into commenting and sharing articles.

The decline of newspapers is of course too much of a tangent, but I think it's interesting how the math kind of illustrates why most 'news' has to be trash now.

xp84 15 hours ago | parent [-]

oops, forgot citation:

[1] https://www.pewresearch.org/journalism/fact-sheet/newspapers...

and https://www.census.gov/data/tables/time-series/demo/families... (Table HH4)

abeppu a day ago | parent | prev | next [-]

But isn't not-for-profit news media also struggling?

saturn8601 a day ago | parent [-]

From what I can see, online media has finally taken over. The horrendous coverage from the 2024 election may have finally been the last straw for many people.

People seem to be focusing more on individual reporters, subscribing directly to good journalists who have gone out on their own. We are also seeing a thing that pleases me ver much: Reporters focusing on the subjects they are experts in and not doing a jack of all trades master of none. Its made me accept that I wont get top tier news in every subject so I have to pick what really matters to me(Tech, Food, entertainment, geopolitics of specific regions of the world etc.).

On the low end though its more bleak. TikTok slop, Youtuber "commentators" etc.

dylan604 a day ago | parent [-]

> From what I can see, online media has finally taken over.

Makes me think of Neil Gaiman's American Gods

cbsmith a day ago | parent | prev [-]

I kind of like the whole Paramount acquisition as something that is just going to drag them down.