Earlier quoted context omitted.
>MSM has mostly abrogated it's responsibility to inform the public. That's a myth. The only real responsibility they have is to maximize profits for their shareholders.
I dispute that. Most major newspapers in the states have existed long before it was common for media outlets to be publicly traded companies. The term "fourth estate" dates back almost to the time of the French Revolution so while it's always been expected that newspapers need be profitable to exist, the interests of its readers and those that stand to profit from the paper have not always been so far apart as they a…
"To your request of my opinion of the manner in which a newspaper should be conducted, so as to be most useful, I should answer, `by restraining it to true facts & sound principles only.' Yet I fear such a paper would find few subscribers. It is a melancholy truth, that a suppression of the press could not more compleatly deprive the nation of it's benefits, than is done by it's abandoned prostitution to falsehood. Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knowlege with the lies of the day. I really look with commiseration over the great body of my fellow citizens, who, reading newspapers, live & die in the belief, that they have known something of what has been passing in the world in their time; whereas the accounts they have read in newspapers are just as true a history of any other period of the world as of the present, except that the real names of the day are affixed to their fables. General facts may indeed be collected from them, such as that Europe is now at war, that Bonaparte has been a successful warrior, that he has subjected a great portion of Europe to his will, &c., &c.; but no details can be relied on. I will add, that the man who never looks into a newspaper is better informed than he who reads them; inasmuch as he who knows nothing is nearer to truth than he whose mind is filled with falsehoods & errors. He who reads nothing will still learn the great facts, and the details are all false."
-Thomas Jefferson, letter to Thomas Norvell, June 14th, 1807