Until recently, newspapers were accustomed to operating as high-margin
monopolies. To own the dominant, or only, newspaper in a mid-sized
American city was, for many decades, a kind of license to print money.
.....
Rupert Murdoch, in a speech to the American Society of Newspaper
Editors, in April, 2005—two years before his five-billion-dollar
takeover of Dow Jones & Co. and the Wall Street Journal—warned
the industry’s top editors and publishers that the days when “news and
information were tightly controlled by a few editors, who deigned to
tell us what we could and should know,” were over. No longer would
people accept “a godlike figure from above” presenting the news as
“gospel.” Today’s consumers “want news on demand, continuously updated.
They want a point of view about not just what happened but why it
happened. . . . And finally, they want to be able to use the
information in a larger community—to talk about, to debate, to
question, and even to meet people who think about the world in similar
or different ways.”
...
“People do awful things to each other,” the veteran war photographer
George Guthrie says in “Night and Day,” Tom Stoppard’s 1978 play about
foreign correspondents. “But it’s worse in places where everybody is
kept in the dark.” Ever since James Franklin’s New England Courant
started coming off the presses, the daily newspaper, more than any
other medium, has provided the information that the nation needed if it
was to be kept out of “the dark.” Just how an Internet-based news
culture can spread the kind of “light” that is necessary to prevent
terrible things, without the armies of reporters and photographers that
newspapers have traditionally employed, is a question that even the
most ardent democrat in John Dewey’s tradition may not wish to see
answered. ♦
Whole thing is a bit long, but it's good reading...
by Eric Alterman
The New Yorker
.....
...
Whole thing is a bit long, but it's good reading...