So guess who is gonna be lining up for their share of the bailout? Tribune Media, The New York Times and other giant newspapers. It turns out that they are in horrible financial shape. Of course they wont really talk to much about that, but it turns out that newspaper subscriptions are at an all time low. Huh, strange. Perhaps it has to do with the fact that by the time I get my morning gazette, I have seen the news on my favorite 24 hour cable news station, but I have also read about it all over the web, including an obligatory trip to Wikipedia (no one wants the truth anymore) and probably blogged about it. Plus when I watch the TV news there is no reading involved and if I do read it on the web then I don't have to worry about getting nasty newsprint on my fingers. Now, I will say for disciplining the dog (Sorry Harley) nothing works better then a good old fashioned New York Post but that's about it.
So I say either adapt, or die. Its Darwin at its finest. Now, I know that's cold but I believe that giving money to these media companies is a very dangerous idea. I mean these are the people who are molding public opinion. Do you really feel comfortable with trusting our politicians to honestly and fairly dispense tax payers money to these companies? I surely do not. A bailout would essentially create state owned newspapers. Sounds a little scary doesn't it? Also the newspapers would be afraid to criticize whomever was in elected office out of fear that they would not receive government funding. It would makes today's slanted news look like campaign commercials.
What you need to understand about newspapers, tv news shows and online media outlets is that they like Walmart are a business. The more people that buy their papers, and watch their programs and visit their websites, the more money they make. Think about it, you really think that news people are above sensationalizing stories for ratings. Dan Rather passed off a fake story about President Bush during his reelection campaign. It was a disgrace and ended up costing Dan his career (and rightfully so). So do you really think that these people can be trusted with taking money from the government and not being biased in the process? They are the ones who are rooting for disaster anyway. Ironically the worse things get, the better it will be for them. That means they are rooting against us, rooting against America. Kind of puts a chill down your spine. After all they have tremendous influence over what we think and how we act and yet they benefit from our downfall? Yikes.
So I will say what I always say, I believe in a free market. I dont believe that we should be bailing anybody out. Sink or swim, thats what I always say. If you are unable to make it, then you have been extincted. Time to evolve into something that works.