Warren Buffett Says Free News Unsustainable, page 2


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reply posted on 24-5-2012 @ 10:52 PM by Cecilofs
reply to post by CodeRed3D



Yes, unsustainable for giant news corporations.

Which means its a great idea



reply posted on 25-5-2012 @ 10:04 AM by alphabetaone
reply to post by CodeRed3D



Here's my take on it.

Before the internet became the money making machine it is now, News print was sustainable and free news on the internet was not a threat to their bottom line.

Now, I think he has a point (if one is talking from a monetary only standpoint) that the printed news IS unsustainable...used to be on trains, buses, in stopped cars, people were reading newspapers....with the exception of the elderly you see no one or very little engaged in this way. They are all on their smart device du jour.

With that out of the way, do I think ALL news should be free? Abso-Friggin-Lutely! It sure should.


reply posted on 25-5-2012 @ 10:17 AM by Maxmars
Originally posted by stanguilles7
Originally posted by Maxmars


I am not among those who believe that there is no difference between making a living and making a killing. No one "needs" work for free... and no one "needs" to become obscenely wealthy. Compensation implies balance. It is the present imbalance that makes for the loss of sustainability.


What is the present imbalance you speak of, specifically?

Which specific aspects of a news room should be forced to curtail their compensation? Who in the online news world or publication world should be taking the hit, in your opinion?


Not meaning to be argumentative, I will answer. But I make no apology for the verbiage I will use, as the explanation you request will not be compressed into a soundbite.


The imbalance to which I refer is present in a manner that makes it evident if one considers:

Commerce is the aim of today's elite. Commerce, and the exploitation of revenue streams is highly profitable, and incidentally, very politically relevant to a commerce-dominated political doctrine (making it akin to self-serving).

The trend of amassing media vehicles into conglomerates of revenue generating streams has commercial value; but is contrary to the institutions' mandate. "News" is NOT entertainment. News is supposed to be exactly what the word implies 'new facts the public should know.' It is subjective only in the gray area between what the public should know, and what they have a "right" to know.

Unlike some of our fellow members, I do not believe the domain of the Press is to disseminate truth. I believe it's mandate is to disseminate facts. Facts, are non-negotiable, self-evident and logically separate from editorialization. Although facts can be mischaracterized, misrepresented, and purposefully corrupted... reporting "the facts" with PR (or propaganda) techniques makes the act immediately remediable (or irrelevant) if the audience is well-enough informed and empowered to recognize the act.

The imbalance comes from the power of the 'kingpins' of what they call "News" to influence and control content, delivery, and editorial discipline. (The evidence of this is in the 'owners' insistence that today's "news" is an "entertainment product" as opposed to a source of valid information intended to inform and empower our citizens.) This development was facilitated by those in the regulatory and oversight business because it was politically attractive to have allies that control information flow.

Meanwhile the discipline of journalism became overshadowed by the expedient political agendas that 'sole owners' could exert over the institution. All the while serving their commercial aims as the primary drive behind any development within the institution - purists would call it corruption, idealist recognize it as a consequence of greed. I feel it is a simple imbalance of forcing the institution to perform a function for which it was not intended.

-----------------------------------

Who should "take the hit?" There is no real reason anyone should have to .... just as there is no valid reason anyone should necessarily "get rich" in the news business. As customary, we can see that institutions run by businessmen for profit eventually decline in direct value to the society of which they are part... e.g. hospitals, security forces, and others, including the Press.

The phenomenon of people congregating in a place like this to scrutinize the information which is disseminated to us is further evidence of the defect present in this "unsustainable" model which relies on proprietary control of information as a commodity.

If I had to "decide" who should take the hit by removing the "make a killing" versus "make a living" imbalance, it would likely start with the power - "board" members and "corporate leadership" which takes the simple task of disseminating news and converts into opinion influence and extraneous business and political opportunity development. It appears that those super-citizens cannot (or do not want to) avoid the hazard of "using" the institution for purposes other than to inform.

If, by some magic, there were no press, the people would create one out of necessity. If the press is a social necessity, it is wrong to allow it to be monopolized, and made into a tool for those who override the principles of journalism, in favor of the principles of commerce.

Of course, you will disagree. But that is your prerogative. Thanks for hearing me out. If I have flaws in my reasoning I hope you will engage me again ... perhaps together, we can craft a new vision of how to reconcile the evident problem this schism creates.
edit on 25-5-2012 by Maxmars because: (no reason given)



reply posted on 26-5-2012 @ 08:00 AM by stanguilles7
reply to post by Maxmars



when has the press EVER fit the model you describe it drifting from?

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