[Marxism] Does journalism have a future? | TLS

Louis Proyect lnp3 at panix.com
Thu Dec 26 06:21:45 MST 2013

During the second half of the twentieth century, now remembered in the 
newspaper business as a golden age, the position of newspapers was 
already weakening, Brock argues, mainly because of the advent of radio 
and television. In the US, newspaper sales per thousand people fell by 
55 per cent from 1950 to 2008. The trouble wasn’t obvious at first, 
because economies in the developed world were generally growing, 
populations were rising, advertising revenues were increasing, and the 
losses in newspaper audience came mostly in the form of the weaker 
papers going out of business (London had more than fifty daily papers 
200 years ago) while the more established papers grew. By, say, 1975, it 
had become just about impossible for a new entrant to start a big daily 
newspaper or a television station, because of prohibitively high costs 
and regulatory barriers. Protected from competition, news organizations, 
for one historical season, were able to assemble, print and deliver a 
big collection of information people wanted and could not get from 
anywhere else – sports scores, movie times, stock prices, as well as 
more conventional news – into an unbreakable package. This allowed them 
to charge substantial fees to advertisers and subscribers.

full: http://www.the-tls.co.uk/tls/public/article1353972.ece

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