The American Conservative has a stupid article about the death of journalism. It is the same sort of stupid other Left-wing media trolls have whined about, and I have said before, but let me say it again.
Journalism properties were bought by asset-squeezers for the last twenty years because legitimate companies could no longer make a profit because no one was reading their product anymore.
An Asset Squeezer is a vulture that feasts on dead carcasses. The end. The American Conservative has no grasp on the concept at all, and that’s truly frightening. They are blaming vultures for their death, which is ridiculous.
Asset Squeezers know how to make a profit from dead properties. They fire everyone they can. They sell assets, such as real estate. They cut down on printing and sell off the printing arm. They get rid of things as they shed resources that are profitable whether or not the publication is.
If this concept is hard to understand, think of it this way: you can’t find a job, but you have debts to pay; so you sell all of your jewelry, stocks, bonds, and collectibles before selling your house.
You are still bringing in money, but as you are not working, sooner or later, you have nothing more to sell.
The gravy train runs dry.
Now suppose your house and all your chattels were acquired by an asset-squeezer. The difference is they sell your house, car, gold, keep the cash, and then kick you out once they sold your last possession.
That’s what happened to newspapers.
But it is also actively happening in broadcasting, too.
I covered the newspaper industry in the early aughts: this was happening back then, too.
The American Conservative doesn’t compute: they are talking about the New York Times’ digital subscriptions as if it were a hopeful sign, when it is a sign that the industry imploded.
You still have a few relics who want antiquated information, but they aren’t going for local, but whatever seems to be left over. It’s like a fad food outlet being everywhere, and then it loses its popularity, closing most of its outlets, save for a few in a couple of larger markets, and then people who still want it drive up a distance to get to the few remaining one.
But even that will not last long. Once the habit of not reading local was broken, eventually, people don’t even want the big city papers as they can no longer relate or have real use for it.
When the smaller arteries dies, the bigger ones die as well, and that is a basic concept reporters still do not seem to be able to grasp.
Your audiences have been shrinking for decades. You are attracting grim reapers operators for a reason.
Do not expect a Reality Denier to know what the fuck is going on — they only report from the planet Deludo, and keep hoping for a miracle in Hell…