Originally Posted By: BISCUT
The favoritism shown by journalsist local and national is a major reason why they are loosing money. I can't recallt he survey but IIRC it was a Rasmusthem or Quinnipiac which showed trust in major media (ABC,CBS,NBC, NYT, Etc...) as only lagging behind Congress!! That says quite a bit.
Issues of trust aside, THE major reason is that advertisers (who make up the lion's share of revenue, not subscribers) have multiple low-cost or virtually no-cost alternatives to market their products and services that did not exist even 10 years ago. These advertisers don't need print publications or TV programs anywhere near as much as they used to.
In addition, the Internet provides a delivery system for news content that is free or almost free, and in the vast majority of cases people will not pay for what they are getting for free. Sadly, as I'm sure our newspaper IT member here who contributed to this thread can attest, a free DELIVERY method is an entirely different thing than what it takes to GENERATE the content.
Edited for...would you believe? A typo!!