Reporting the News | Data Driven Investor
Access to factual information is critical for democracy. Control of information by a few is detrimental. Removing news from a profit-driven system is essential. Creating independent outlets free of profit-driven corporate control is vital to the future of democracy.
The decline of American democracy has a long history with many actors. There are multiple domains, one of which is getting news and information to the public by sources independent of government control. It is the vital link in the health and welfare of any democracy. It is one reason why our founders enshrined freedom of the press in the constitution.
No discussion about reporting the news can ignore how news outlets have been gobbled up by a few large conglomerates. Comcast, Disney, ViacomCBS, Fox, AT&T, and Charter Communications are among the largest in the U.S. There used to be a local spin or angle to the news that came off the wires. Today there is sameness and uniformity in coverage and presentation that reminds me of how we once viewed Pravda in the former Soviet Union. All corporate news comes essentially from the same sources. Our alternative is to look at and read the many alternative news sites that have appeared and are continuing to grow. Some are practicing real journalism.
One who has written extensively about the problems of American media is Robert McChesney. He states,”Democratic theory posits that society needs journalism to perform three main duties: to act as a rigorous watchdog of the powerful and those who wish to be powerful; to ferret out truth from lies, and to present a wide range of informed positions on key issues.” Our media fails at all these tasks.
The decline in our getting the news and information we need and the rise of fake news, alternative facts, and post-truth can be traced back to the early 1970s. That is when the news became the news show. Up to that point, the evening news focused on providing the major news events and information to the public. There, were commercials, but they took a backseat. It was not the primary focus. True there were omissions, but news organizations did try to inform…