Now Will They Learn?

Written by Sam on December 8th, 2008

Probably not, but after the election of Barry, anything is definitely possible in the world.

The New York Times Company plans to borrow up to $225 million against its mid-Manhattan headquarters building, to ease a potential cash flow squeeze as the company grapples with tighter credit and shrinking profits.

International Herald Tribune

And then there is this:

NEW YORK (AP) - A terrible fall season at NBC is forcing the network to consider scaling back the number of hours it airs programming, Chief Executive Jeff Zucker told an investor conference Monday.

While NBC will continue to fund the creation of pilots, Zucker told analysts at a media investor conference sponsored by UBS that NBC is considering cutting the number of hours or perhaps even the number of nights it provides programming.

Breitbart

And this:

Tribune Co., the owner of the Los Angeles Times, KTLA Channel 5 and dozens of other daily newspapers and television stations across the country, filed Monday for bankruptcy protection from creditors, in the latest indication of deteriorating economics for the news business.

LA Times

Is it an indication of a deteriorating economy or a deteriorating product? The media was more bold about their bias than they ever have been this year, in my opinion. They wanted Obama elected and they made sure it happened. Multiple studies showed an enormous gap between the number of positive stories on Obama compared to those on McCain and vice versa when it came to the negative ones. Economics is certainly a factor, as is the Internet, but the decline of the mainstream media didn’t just begin this year. It started several years ago, but it seems to have suddenly jetted up in recent months. I can’t help to think that a sizable portion of their problems has to do with the trash they are printing on a daily basis.

4 Comments so far ↓

  1. Dec
    8
    10:36
    PM
    Ryan

    The economic troubles just accelerated what was inevitable… the downfall of the mainstream media.

  2. Dec
    8
    11:50
    PM
    Mark J. Goluskin

    I, for one, am glad that the Tribune company went the chapter 11 route. The Left Angeles Times had an obligation to be a newspaper to attract more than the West Los Angeles, Hollywood, limosine liberal crowd. The proof is that these people were not enough to sustain the Times. When the Los Angeles Herald-Examiner folded almost 20 years ago, the Times blew its chance. Now, maybe they can get past their ideology and attract a broader audience.

  3. Dec
    9
    12:18
    PM
    DavidShiffman

    Are you guys seriously claiming that NBC is cutting back on original programming because of the liberal bias in their presidential reporting?

    I think the poor ratings on “Heroes” this year have more to do with bad writing then how the news division reports politics.

  4. Dec
    10
    1:02
    AM
    DavidShiffman

    I take it back, Heroes last night was pretty good. My original point remains the same, though- a network cutting back on original programming is unrelated how their news division reports politics.

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