The decline of the American Media

Status
Not open for further replies.

crimsonaudio

Administrator
Staff member
Sep 9, 2002
68,871
84,749
462
crimsonaudio.net
The submersible coverage has been the perfect example of news media chasing eyeballs instead of trying to present real news to the people.

Interesting story? Absolutely.
Will it impact anyone (outside of family members) watching it? Nope.

We got the bubble-headed bleached-blonde, comes on at five
She can tell you 'bout the plane crash with a gleam in her eye
It's interesting when people die
Give us dirty laundry
Can we film the operation? Is the head dead yet?
You know, the boys in the newsroom got a running bet
Get the widow on the set!
We need dirty laundry
 

CrimsonJazz

Hall of Fame
May 27, 2022
7,665
8,955
187

Vice Media, the once-high flying digital media company valued at billions of dollars, is set to be acquired out of bankruptcy by three investment companies, including Fortress Investment Group, for $225 million.

The acquisition of the one-time media powerhouse by its three creditors — made up of Fortress, Soros Fund Management and Monroe Capital — is set to take place after Vice said in a legal filing Thursday that it received no other satisfactory bids as it explored a sale for the company.
Weird. The brand has already been ruined; why anyone would want this is an absolute mystery to me.
 

Huckleberry

Hall of Fame
Nov 9, 2004
6,862
14,080
287
Jacksonville, FL
Very sad. I'm not sure how they can avoid a significant drop in quality. It's a shame, but I can see having to cancel my subscription in the near future.
 
  • Like
Reactions: CrimsonJazz

Huckleberry

Hall of Fame
Nov 9, 2004
6,862
14,080
287
Jacksonville, FL
Jim Geraghty has some thoughts on the situation:

...the news that the illustrious magazine National Geographic has laid off all of its last remaining staff writers is a demonstration that we, as a society, have largely chosen to stop paying for news or entertainment, with far-reaching consequences for our lives. The belief that we’re entitled to high-quality information in almost every form — and will accept lower-quality stuff if it is free — is one big reason that the current state of American discourse looks and sounds like a WWE match among insane-asylum inmates held in a sewer.
National Review link
 

CrimsonJazz

Hall of Fame
May 27, 2022
7,665
8,955
187
Jim Geraghty has some thoughts on the situation:

...the news that the illustrious magazine National Geographic has laid off all of its last remaining staff writers is a demonstration that we, as a society, have largely chosen to stop paying for news or entertainment, with far-reaching consequences for our lives. The belief that we’re entitled to high-quality information in almost every form — and will accept lower-quality stuff if it is free — is one big reason that the current state of American discourse looks and sounds like a WWE match among insane-asylum inmates held in a sewer.
National Review link
Good article. The death of print media is both sad and yet unsurprising. Most Americans would prefer a microwave burrito over a slow-cooked meal just because it's faster, quality be damned. Is it any surprise that media consumption has followed the same path? Also, I had no idea that NG had fallen under the Disney umbrella.
 

TIDE-HSV

Senior Administrator
Staff member
Oct 13, 1999
86,509
44,646
437
Huntsville, AL,USA

TIDE-HSV

Senior Administrator
Staff member
Oct 13, 1999
86,509
44,646
437
Huntsville, AL,USA
Good article. The death of print media is both sad and yet unsurprising. Most Americans would prefer a microwave burrito over a slow-cooked meal just because it's faster, quality be damned. Is it any surprise that media consumption has followed the same path? Also, I had no idea that NG had fallen under the Disney umbrella.
When I have the time, I'm going to dig in and see how they did it. An IRC section requires that all 501(c)(3) entities, which I believe Nat Geo was, have in their organizing document a provision that, if they go out of business, all their assets will be distributed to another such charitable organization. I really busy at the moment, but my curiosity is up, when I can find the time...
 

JDCrimson

Hall of Fame
Feb 12, 2006
6,560
6,589
187
52
Sad but true. But i cant afford to subscribe to every publication because of an article i find interesting.

If you were billed pay per view at a reasonable cost, I might be more inclined to support journalism.

Jim Geraghty has some thoughts on the situation:

...the news that the illustrious magazine National Geographic has laid off all of its last remaining staff writers is a demonstration that we, as a society, have largely chosen to stop paying for news or entertainment, with far-reaching consequences for our lives. The belief that we’re entitled to high-quality information in almost every form — and will accept lower-quality stuff if it is free — is one big reason that the current state of American discourse looks and sounds like a WWE match among insane-asylum inmates held in a sewer.
National Review link
 

TIDE-HSV

Senior Administrator
Staff member
Oct 13, 1999
86,509
44,646
437
Huntsville, AL,USA
When I have the time, I'm going to dig in and see how they did it. An IRC section requires that all 501(c)(3) entities, which I believe Nat Geo was, have in their organizing document a provision that, if they go out of business, all their assets will be distributed to another such charitable organization. I really busy at the moment, but my curiosity is up, when I can find the time...
OK, here's the story. In 2015, The National Geographic Society, still a tax exempt entity, formed a partnership, called "National Geographic Partners," a for-profit entity with 20th Century Fox. In 2018, Disney bought 20th Century Fox, so NGP became part of Disney. Disney owns 73% and the Society owns 27%...
 

CrimsonJazz

Hall of Fame
May 27, 2022
7,665
8,955
187
OK, here's the story. In 2015, The National Geographic Society, still a tax exempt entity, formed a partnership, called "National Geographic Partners," a for-profit entity with 20th Century Fox. In 2018, Disney bought 20th Century Fox, so NGP became part of Disney. Disney owns 73% and the Society owns 27%...
And lately, almost everything Disney touches turns to ash. Most everything they release theatrically is just a shameless cash-grab, specifically as it relates to Star Wars and the MCU. (Although I have to admit that "The Mandalorian" was really, really good. I enjoyed the hell out of that show.) Satisfying a nerd isn't as hard as they would have you believe. Just stick to the source material and prioritize creating a good story to go along with all the special effects. I mean, how hard is that?

But I digress (wildly.) The NG brand still holds value; it will be interesting to see what happens to it in the coming years.
 
  • Like
Reactions: AWRTR
Status
Not open for further replies.

New Posts

Latest threads