I have a simpler explanation for media failure. Huge job cuts. Many journalists are now doing work of multiple positions in many places especially online media. New York Times has reduced the number of their total editors in the last 10 years for example. Every major online media had layoffs comparable to 10% of their total workforce in the last 5 years. It affects mid level journalists the most so there are more int…
Did you read the story? NYT newsroom is bigger than ever, it has more cash than ever and has increased it's amount of subscribers several-fold
It doesn't have more revenue than it did a decade and half ago.