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Originally Posted by walfreyydo
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If they are owned by mega-corps with supposedly deep pockets, then why are they in such dire straights? Are you suggesting said mega-corpse are intentionally defunding them?
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Because they are not in dire straits.
Don’t you remember like four years ago when the media across-the-board had that big giant push about how the media industry was losing money and everybody should subscribe to different media organizations and outlets instead of just getting it for free in the Internet was destroying the news?
Well the only people that were saying that we’re media outlets.
And now those same media outlets are spinning the same yarn about how social media is turning us all against each other never mind cable news!
And the lobbyists convinced the politicians that they should get tax breaks that’s all this is it’s not some great thing if you think the tax breaks to the news and media that you didn’t even know it was going to happen until after it happened is anything more than lobbyists slipping that shit into the $1 trillion bills that nobody fucking reads then I don’t know what to say.
I wish I could live a life that optimistic.
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Or maybe (more plausibly) it could be that said mega-corps aren't going to subsidize local news who are consistently in the red, and instead let them fail and close down.
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When you own a local news station you dont subsidize it, it's not like that. You write the scripts, pay the employee's and tell them what to say and you collect the profits. (which hurt if you have to pay your employee's unless you have lobbyists that convince americans to pay them for you)
Sinclair now does not have to pay 50k of each of its its employees that work at 294 television stations it owns across the country.
"If we dont pay the news more money
it is extremely dangerous to our democracy. "