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Money and media - a bad mix
Tuesday, May 27, 2008When 60 Minutes (which switched to 2020 and then Dateline) became the first profitable news show, the idea of profit-based news spread like wild fire.
Then came the corporate takeovers of public news stations and networks in the 80’s. A prime example is when Larry Tisch took over CBS, cut it’s staff for profits, and the network fell to #3 in the ratings behind ABC and NBC, and they have stayed ...
Original article from http://cowenk.wordpress.com/2008/05/26/money-and-media-a-bad-mix/
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