Quote:
Originally posted by legion
The simple fact is that there is a relatively small amount of people in control of a lot of the media. This is not a efficient market, and thus not really capitalism. I would characterize the U.S. media more as a collusive oligopoly.
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Major news media (in this case TV) are not profit centers and are usually subsidized by other corporate ventures...they are, in essense, not self-supporting. Gone are the days of single entity corporations like CNN that can operate at a consistent profit.
Viewership is WAY down and the capitalists who decide where to spend advertising funds have other viable alternatives.
As well, since the threshold costs are enormous, and the profit margin increasingly slim, there are effective barriers to the TV marketplace. TV news is not a good investment. Where the are less barriers, radio for instance, conservative voices match liberal vocies.