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30 sats \ 3 replies \ @denlillaapan 16 Dec \ on: The Economics of Media Bias econ
Probably. Which is 1) subscriptions to these platforms fall of a cliff, and 2) why efforts like positive news, or Human Progress-type "look how everything gets better" can't monetize.
Nobody wants that!
(not sure why, seems like a good thing)
It's really tricky to understand the marketplace and incentives, I think.
For example, I've heard that shows like Morning Joe (MSNBC) don't get much viewership by regular people, but they are so influential and get paid big bucks because TPTB (i.e. the deep state types) do listen to them.
Thus, big money pours in from lobbyists and other interested parties.
Thinking that the media is responding to the demands of regular people may be actually a mistake. What matters more is what are the demands of the big money groups.
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good point, didn't think about that.
also, what's that abbreviation, TPTB...?
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"the powers that be"
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