Next: Bailout for Mainstream Media Liars
by CHARTING STOCKS
(March 2009) One of the silver linings of this economic depression is the collapse of mainstream media companies and the creation of internet blogs along with citizen journalism.
While this media shift is ongoing and certain, a question arises - Will the government, in further effort to keep their political-financial-media power in tact, bailout big media?
Does the News Industry Deserve a Bailout?
That was the headline in a recent article written in Time Magazine. Written by Douglas A. McIntyre, the article argues "the strategic value of the print media comes from the centuries that it has served as a check and balance to the central government both in the United States and elsewhere."
The article goes on to say “Politicians have every reason to want to see print media fail. That can be said tongue in cheek, but too many governors and congressmen have lost jobs after newspaper investigations to make the relationship between Fourth Estate and politicians a comfortable one.