RE: Fake News Media in Serious Trouble
Why would they admit it. It was one of the most profitable times in MSM news, if not the most profitable.
Combine this with the ultra short attention span of the general public and it becomes obvious this model will be repeated.
Yes there will be some reshuffling of management along with a few new faces parroting garbage. And in 6 months the cash machine will be in full operation just ahead of the election.
So yes it's a telling sign. One that was executed flawlessly, coordinated brilliantly taking billions from working people and put it in the pockets of the MSM elite.
While all revenue does not come from subscribers, it does factor highly into their ad sales. What is sad is the fact that in the US, people that despise MSM including those that proudly state they will not watch what ever MSM they despise will still send them a payment every month as a bundled service to their cable or dish company. This exceeds 100 billion a year.
I dont know anyone in sales that with an ultra profitable 2 year campaign, insured with a 100 billion guaranteed backstop would not dust it off and repeat asap, I would.
Cheers
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Good points, I think though more and more people are snipping the old cable line. Back when I first did it I didn't know anyone that didn't have a Television, now there are actual studies being done to find out why it's happening :)
Advertisers aren't their main income source though I believe, The Chinese Communist Party would have plenty of reasons to invest in US MSM. They already bought up HW studios for editorial control. The truth might just wake up even the Sports addicted among us lol...
Thanks my friend !!
I too cut the cable years ago and am selective who I give money to.
I don't see China owning 1 of the 6 centrally controlled media groups. They will however influence each of them in the same manner as they do with the airline industry forcing them to acknowledge Taiwan as part on the PRC.
Currently they are dumping assets, even profitable ones, reduced investments in SE Asia considerably as well as the B&R. Had their first publically owned bank failure in 19 years. This along with crop failures, army worm infestations and the ongoing ASF claiming 30% of the pig population and it becomes clear why the current food inflation is rapidly rising.
It's hard for me to see the rising food cost in Beijing and Qingdao but my local friends do.
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