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https://x.com/MorePerfectUS/status/1840818827560378561

NEW: Google and Facebook killed the news.

2.5 newspapers closed each week on average in 2023. And 500 journalists were laid off in January alone. It's because the tech giants are siphoning billions of dollars in ad revenue.

Now the DOJ is finally taking them on.

(interesting video)


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I'm glad I clicked this thread.

Interesting subject matter.


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Capitalism


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Wow, it’s a little late to be trying to save newspaper outlets. Newspapers all but died 15-20 years ago, just saying. And it’s definitely ALL SOCIAL MEDIA and not just Facebook and Google. Even on DT, every time an article is shared, the news outlet that produced it loses monetized views. And the same crap happened before big social media in the form of word of mouth. But news outlets never felt the pinch until the ad revenues dried up. Their problem is that they can’t compete with a freemium product. IMHO, that’s just business. Some make it, some don’t. There is no conspiracy to destroy newspapers, other than saving trees, and I feel that most people today prefer a digital medium over a print news rag.


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There's also the fact that people love to be fed what they already believe and want to hear. They've been fed a steady diet of the claims that mainstream media, which includes print media is nothing but fake news. More and more they're going to news sources that feeds into their preconceived notions.

Websites such as Breitbart, The Daily Caller, Blaze Media, The Gateway Pundit, OAN and many more are now more popular than anything like them ever before. When you lead people away from established media to offshoot sources you subtract from their audience.


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Yep. Up until the early 2000s, I’d say, newspapers were a vital source of info. But around 05-06 small town papers across the country closed over loss of revenue and readership. There were murmurs of loss then, but people found other info sources online. Now, it’s about to take out the giants of news print and we’re supposed to worry… save the dinosaurs.

And quality journalism is currently a thing of the past too. Today news is more commentary and opinion than actual reporting of facts. The age of great news, like the Walter Concrite era of ‘how it was today’ or investigative reporting like Watergate are long gone. Now we get the equivalent of ‘I heard it through the grapevine’ coverage. Or you get to delve into the brilliance of people like Kayleigh McEnany expounding there ideals, yuck.

And with the age of AI on our doorstep, I don’t think print media will make a comeback OR be reimbursed by social media giants for their decades of lost revenues. Time to evolve, change is the only constant.

Last edited by OldColdDawg; 10/01/24 12:14 PM.

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You can add Yahoo, Apple news and numerous other internet only services to the list.

Local news is dead, killed by the internet.

Less News, More Opinions.


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All of this, which was of course caused by social media. In particular, I actually think of Twitter for this. Breaking news for pretty most of the decade has been fueled by Twitter. You couldn't do a deep dive investigative bombshell of a story because it would instantly get put up on Twitter mid investigation. As the news cycle because of this invention sped up, so did the need to quickly report ASAP before you get left in the dust. We've all seen those memes of how far behind Internet Explorer is. Well, that's pretty much the newspapers now. 144 Characters or less and boom, the story is broke while the papers are still typing up their long story.


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Originally Posted by ~Con~Artist~
All of this, which was of course caused by social media. In particular, I actually think of Twitter for this. Breaking news for pretty most of the decade has been fueled by Twitter. You couldn't do a deep dive investigative bombshell of a story because it would instantly get put up on Twitter mid investigation. As the news cycle because of this invention sped up, so did the need to quickly report ASAP before you get left in the dust. We've all seen those memes of how far behind Internet Explorer is. Well, that's pretty much the newspapers now. 144 Characters or less and boom, the story is broke while the papers are still typing up their long story.

Add to that it is better to be first than right.

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