American Mass Media Bankrupt?
Politico writes that the mass news media are reconsidering their commitment of covering the democratic national convention in depth because the decision of BObama to hold his acceptance speech in front of voters instead of in front of party elites and the MSM adds a lot of cost to their coverage and apparently they are all short on cash.
If it is really true that the MSM (massmedia) is really THAT short on cash to bring in two or three more camera crews for one evening (plus maybe one transmission live editing car) - they must be absolutely bleeding. If it is really that bad then see the full collapse of the mass news media in the next 2 years. Even just talking about such a lousy sum (for the mass media that is) should make all mass media stocks go down to hell.
I have one suggestion for the mass media: look how cheap bloggers, podcasters and vloggers can produce news that are more balanced mostly better researched and surely much closer to the actual happening then your class A high definition camera teams that need to stay at an expensive hotel and only ask stupid questions. You donīt need camera cranes, airships and super highdef mega recording gear to cover a political speech - in the end its just about the content of the speech and NOT how great your footage looks like. Something that makes bloggers, podcasters and vloggers successful in their own right.
There is of course also the possibility that the MSM does not want to report so much in depth about the democratic convention as this would mean they might actually educate viewers about issues rather then making them more dumb.