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Facebook gives money to America’s biggest news organizations

washingtonmonthly.com

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Re: Facebook gives money to America’s biggest news organizations

#5
I don't see how news is sustainable at current employment levels. Most papers cover the same stories from their own angle, but we don't need 1,000 duplicated takes.

Social media bubbles headlines and links up from a potluck of sources, so there's no central paper to subscribe to and support. The end result is ad blocking everything, ignoring paywalls, and subscribing or paying no one.

If I went to a paper's website instead of social media (HN, some curated reddits), I'd be inclined to subscribe, but none of them have great audience participation and discussion.

If there was a Spotify for news journals, I'd be happy to subscribe, but that doesn't solve the issue of clickbait garbage winning over real journalism and soaking up all the money. Nor does it supply enough revenue to feed all the journalists.

The solution, sadly, seems to be mass culling and centralization. The world is connected and nobody needs local newspapers anymore.

Edit: not sure why I'm at -3 for making an observation. I'm not defending Facebook. The news industry doesn't appear to be sustainable in the modern age.

Re: Facebook gives money to America’s biggest news organizations

#7
No surprise here. Two peas in a pod.

The assault on independant journalists (e.g Substack), independant voices (e.g. Clubhouse) and others continues unabated by the likes of NY Times elitists like Taylor Lorenz. Corporate media like NY Times even covered the original 2004 Harvey Weinstein expose and regularly lies on so many internatonal issues as well.

https://www.thewrap.com/harvey-weinstein-new-york-times-bill...

Look at coverage of the caliphate series, Iraq war, Bolivian coup, Honduras, Guatemala and so many more....

The corporate media just wants to muzzle the truth by falsehoods by omission and so much more

Re: Facebook gives money to America’s biggest news organizations

#8
post #2

Wrote this a little while back. Most news orgs -- especially local -- are being set up to fail in this environment. https://blog.nillium.com/news-was-never-meant-for-social-pla...

Whilst BigTech is busy eating News institutions at the top, PE firms are busy devouring the bottom.

https://www.youtube-nocookie.com/embed/GvtNyOzGogc

Re: Facebook gives money to America’s biggest news organizations

#9
post #2

Wrote this a little while back. Most news orgs -- especially local -- are being set up to fail in this environment. https://blog.nillium.com/news-was-never-meant-for-social-pla...

a little marketing tip: summarize both the rationale and the conclusion. it’s tempting to think just one or the other is enough to entice the potential visitor, but no, it’s much easier to dismiss a link if it comes off as fantastic, implausible, or unsupported, which is more likely when you leave out one or the other. it’s more enticing to get an obvious full bite rather than an elusive nibble.
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