Viewing a single comment thread. View all comments

Tyler_Zoro t1_ixzuric wrote

Reply to comment by TurtleRockDuane in Fit to Print (2017) - Documentary that tells the history of how Wall Street greed and lack of foresight lead to the decimation of the newspaper industry and tens of thousands reporters losing their jobs and the eventual erosion of a vital way to hold power accountable. [01:33:47] by thenewsisreal

Yes, the fundamental issue is that people stopped buying newspapers because easier ways of getting lower-quality news appeared. TV was a forced perspective on the News. You could watch it linearly on their schedule, the newspaper was still relevant in the age of TV news because it was non-linear and you could read on your schedule.

But as soon as the internet made it possible to randomly access whatever news you wanted, the quality of newspaper news became a much less powerful attractor.

The finance games in the OP are just the secondary effects of that transition.

15