As I listened to this, I kept remembering an interview I saw decades ago, with Gideon Yago, former correspondent / reporter for MTV. He lamented the news "stars" and personalities in news media. Their 7 figure salaries represent the very real loss of thousands of rank and file reporters and staff that could be out there uncovering news, checking facts, digging deep and uncovering lies, scandals and the kind of corruption that is now a de rigueur in our government.
So as all these media darlings that are losing their jobs - or taking buyouts so they don't have to defend their willful mis mal and nonfeasance - good riddance. Here's to hoping the publishers and owners wise up and start hiring hundreds and hundreds of people in the news rooms, sharing desks, correcting each others' stories and helping them "get it right"!!
Matt and Walter, it dawns on me that the business angle may be that there's no commercial future in TDS because Trump can't be re-elected. For a long time there was, but in a strong sense media TDS has a limited horizon of returns now. Before I retired from the academy I studied the behavioral consequences of limited horizons... it means that there finally comes a time when it dawns on decision makers that the game's end is approaching. Sure, there's the possibility that a dem-controlled house will make Trump's life miserable after the 2026 midterms. But we're getting close to the "three years away" end of game that even Milton Friedman once said was how far out most people could plan about the future. My own life in behavioral research about this makes me roughly agree with that. The end of the TDS media game is now in sight, and the decision makers at the businesses realize it's time to cut and run on it.
As I listened to this, I kept remembering an interview I saw decades ago, with Gideon Yago, former correspondent / reporter for MTV. He lamented the news "stars" and personalities in news media. Their 7 figure salaries represent the very real loss of thousands of rank and file reporters and staff that could be out there uncovering news, checking facts, digging deep and uncovering lies, scandals and the kind of corruption that is now a de rigueur in our government.
So as all these media darlings that are losing their jobs - or taking buyouts so they don't have to defend their willful mis mal and nonfeasance - good riddance. Here's to hoping the publishers and owners wise up and start hiring hundreds and hundreds of people in the news rooms, sharing desks, correcting each others' stories and helping them "get it right"!!
Matt and Walter, it dawns on me that the business angle may be that there's no commercial future in TDS because Trump can't be re-elected. For a long time there was, but in a strong sense media TDS has a limited horizon of returns now. Before I retired from the academy I studied the behavioral consequences of limited horizons... it means that there finally comes a time when it dawns on decision makers that the game's end is approaching. Sure, there's the possibility that a dem-controlled house will make Trump's life miserable after the 2026 midterms. But we're getting close to the "three years away" end of game that even Milton Friedman once said was how far out most people could plan about the future. My own life in behavioral research about this makes me roughly agree with that. The end of the TDS media game is now in sight, and the decision makers at the businesses realize it's time to cut and run on it.