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Wednesday, July 03, 2019

No one is buying Fake News

Apparently lying to all of the people all of the time in exchange for advertising revenue is a suboptimal business strategy:
The struggling US media industry is facing its worst year for job layoffs in a decade as news organizations continue to cut staff and close shop, according to a new survey.

The consultancy Challenger Gray & Christmas reported this week that media companies, which include movies, television, publishing, music, and broadcast and print news, announced plans to cut 15,474 jobs so far this year, of which 11,878 of which were from news organizations.

That is nearly three times more than the 4,062 cuts announced in the media sector in 2017 and the highest total since the economic crisis in 2009.

"Members of the media, especially journalists, have had a tough few years," said Andrew Challenger, vice president of the Chicago-based firm.

"Many jobs were already in jeopardy due to a business model that tried to meet consumer demand for free news with ad revenue. As media outlets attempted to put news behind pay walls, in many markets, consumers opted not to pay."
Interesting, is it not, that they can't find subscribers... because literally no one actually wants or needs what they are offering. When the Devil already has Google and Facebook and Disney, the ability to further deceive people on a regional or local level is of severely declining marginal utility.

Labels:

60 Comments:

Blogger Hammerli 280 July 03, 2019 1:02 PM  

I recall something in an old book about this sort of thing...now I remember.

Thou Shalt Not Lie

Blogger cheddarman July 03, 2019 1:06 PM  

Learn to code bitches

Blogger Gregory the Tall July 03, 2019 1:08 PM  

@1 And I recall that many thought that they could still lie as long as they did not get caught with the lies, after all only God was watching, wasn't he? Now everybody sees through their lies. Tough sh*t.

Blogger Matrick July 03, 2019 1:10 PM  

I've heard that there is money in coding..

Blogger RandyB July 03, 2019 1:11 PM  

Not unless you are an H1B.

Blogger Robert What? July 03, 2019 1:12 PM  

They could try something radical, like report the unbiased (as much as possible) news and not try to sell editorial as news. But at this point I don't know if they are capable of that. The first time they reported a crime with the actual race of the perpetrators (if not White) they would be declared racist and immediately back track.

Blogger The Lab Manager July 03, 2019 1:14 PM  

My mom still buys the local rag once a week. The editorial board is oblivious to why they could be losing revenue. I don't know, endorsing criminal presidential candidate calling you a 'deplorable' along with opposing the 2nd Amendment but can't seem to understand why have a voter ID system would be great for 'duh-mocracy' your ignorant board endorses. Oh well...

Thanks to Al Gore's invention here of the internet, I enjoy reading articles from blue collar bloggers who actually have something interesting to say and make more sense even when I may disagree.

Blogger sammibandit July 03, 2019 1:16 PM  

My mom used to subscribe to the NYT. The Sunday edition used to be 2 to 3 inches thick, sometimes more. It used to be worth reading just for the Op-Ed section and the magazine would have cool, little articles. Then authors who would be buried in the paper made it above the fold. That's when she had enough. I remember seeing it dwindle down to below a half of that size before she cancelled her subscription.

Then she switched to financial newspapers since if you read between the lines you would get decent national and international news. Then those switched format too.

I hope in America the media isn't bailed out like it was in Canada.

Blogger God Emperor Memes July 03, 2019 1:21 PM  

"It's not a lie if *you* believe it."

Blogger A rebel without a General July 03, 2019 1:21 PM  

Who’s ever left can’t sustain the lot even more will get laid off.

Blogger Crew July 03, 2019 1:29 PM  

They can always learn to code!

Blogger Crew July 03, 2019 1:34 PM  

We get the media we deserve (if we don't create our own) and the rights we will defend!

https://raconteurreport.blogspot.com/2019/07/you-get-rights-youll-defend-and-no-more.html

Blogger Lushtree July 03, 2019 1:36 PM  

These out-of-work Journalists should learn to code, just so that they can feel the joy of being fired and replaced with low-cost foriegners.

Blogger CarpeOro July 03, 2019 1:38 PM  

" When the Devil already has Google and Facebook and Disney, the ability to further deceive people on a regional or local level is of severely declining marginal utility."

Often enough the conglomerates own local and regional outlets. Before IT, I worked for a local paper in metro Detroit. Going up the management chain, it was a subsidiary of Disney. Last newspaper I used to get - by the time I left I had no remaining doubts regarding left wing bias in the media. Who needs local reporting on rallies and local events when they lie about the size? I went to a gun rights rally that had waiting lines for entrance, clearly exceeding park capacity and they reported it as a small gathering. Truly a Mickey Mouse organization.

Blogger JG July 03, 2019 1:45 PM  

The 2016 election in the USA exposed the media as shills for the left, and not even the left wants to pay for that.

I wonder what all these journalism majors will do with themselves. Everyone who went to college knew the journalism majors were the lowest on the IQ totem pole, since you can learn everything you need to know about real journalism in a six week high school class.

Stop giving them useless advice. These morons aren't bright enough to code. It's sex work, or starve, for most of them.

Blogger Damelon Brinn July 03, 2019 1:47 PM  

Every time a journalist is fired, an angel gets his wings.

Blogger Damelon Brinn July 03, 2019 1:49 PM  

These morons aren't bright enough to code.

That's why it's funny.

Blogger JG July 03, 2019 1:50 PM  

Speaking of journalism (the real kind), Cernovich won his appeal to force the unsealing of the records of pedophile (((Jeff Epstein))).

Blogger Warunicorn July 03, 2019 1:56 PM  

The poor, poor dears. Wherever will they go---whatever will they do---to tell their lies, lies and more lies?

Pffft.

Blogger binks webelf July 03, 2019 1:57 PM  

This comment has been removed by the author.

Blogger doctrev July 03, 2019 2:01 PM  

Everyone knows about the collapse of the local newspaper. I'm surprised rural Americans haven't hunted down local "journalists" and left them hanging from meat hooks. What is surprising is that the New Media Companies designed to shill to morons- Buzzfeed, Vice, THinkProgress, CNN, and many more- are all suffering in an era of seemingly monolithic anti-Trump.

It's almost like the truth of their position is dawning on them. And when they're fired, suddenly they have to worry that real Americans will hack them apart as a warning to the rest of the parasites.

PS: Why aren't you doing it yet?!

Blogger ChicagoFire July 03, 2019 2:02 PM  

Counterpoints:
* Government may have to bail these failed outlets out like the banks. Trump's Obama-banker moment may involve this and the backlash would be epic.
* People keep entering into our country illegally so even if natives are tuning out, outlets like Telemundo will keep retaining viewers.

Would love to see failed liberal institutions like the education system and media to fall. Will believe and rejoice it when it happens.

Blogger Don't Call Me Len July 03, 2019 2:04 PM  

Things are tough all over, and it'd take a heart of stone not to laugh:

https://variety.com/2019/film/box-office/summer-box-office-movie-business-downturn-1203256608/

Blogger ChicagoFire July 03, 2019 2:05 PM  

^^Forgot to add on but will make it more explicit:

Colleges aren't going to fail as long as people keep entering. Are there some high schoolers that aren't attending? Yes. Is there more of an emphasis on foreign languages at the local community college? Yes, in my experience.

Like I said, they count your chickens before they roost. The sooner these liberal institutions fall the better America can move onto a golden age.

Blogger Robert Schecter July 03, 2019 2:07 PM  

Wonderful news.

Blogger Oswald July 03, 2019 2:08 PM  

I know a little about business and you never want to alienate a large segment of your customers. Yet these bozos thought they could keep doing business as usual after everyone realized they only provided talking points for the far left.

Blogger Seeingsights July 03, 2019 2:23 PM  

The media landscape is going back to time before college education for the masses. In the old days, a person without a journalism degree could get a job in the media, work their way up depending on their talent.
Some of the most interesting commentators did not have a journalism degree--H. L. Mencken, Mike Royko.
The era of crediatism in journalism was roughly from 1945 to the emergence of the Internet as a mass phenomenon.

Blogger swiftfoxmark2 July 03, 2019 2:34 PM  

Newspapers ran on a subscription. They still do, as far as I know.

So the business model is feasible. It's just that modern journalists aren't really doing any actual investigative work, if they ever did any in the first place.

Blogger justaguy July 03, 2019 2:40 PM  

While the "mainstream" news is diminishing, things have shifted to a subscription business type news for accurate needed information such as Bloomberg terminals, Lexus, and other.s. These subscription services are collectors and forecasters in specific business related areas. Much like the WSJ, these have to be accurate, and ahead of the curve to get businesses to pay the large fees for them.

For example, other than the expensive Bloomberg terminal with its services, there are two US newsletters/pay sites for information on US tax laws. Each has reporters who attend/interview every Congressional committee involved in tax law and puts out reporting on where tax laws are heading and views on what will pass, what is trying to pass etc. Lots of business associations wants to have a report from someone who attends all of the tax-related sub-committees to try to get ahead of the game in lobbying. The subscriber base still basically uses both (one newsletter is non-profit the other for profit) and although they employ few reporters and editors-- they are "true news agencies"-- trying to get the information out quickly and forecast enough to be worth their fees. There exist several other newsletters for laws, anti-trust, just about every type of business has some related subscriber newsletter. The big guys such as FT or Lexus, Bloomberg tries to scoop up and consolidate these into one service-- but these aren't the reporters or articles the general public ever sees.

Blogger Steve Canyon July 03, 2019 2:40 PM  

Pity the layoffs are going to be limited to the low end support staff. The head cheerleader clowns like Corey Haim Maddow, Lemon, and Acosta won't be touched. They also won't voluntarily take paycuts to support the common workers shoved out the door.

Virtue signaling is bad enough. When done by naked hypocrites, their demise can't come fast enough nor spectacularly enough. May they all rot.

Blogger Whitecloak July 03, 2019 2:41 PM  

News was far more honest when it was overtly and nakedly political. There is no person who isn't an unbiased source, I'd rather get my news from people I know are overtly in my corner than from people who pretend they haven't a base worldview.

"Unbiased" news cannot exist. Would Heaven write the news of Hell?

Blogger Garuna July 03, 2019 2:42 PM  

Things are tough all over, and it'd take a heart of stone not to laugh: [LINK]

Amazing comments section.

By the way, in a shocking turn of events, Avengers Endgame lost to Avatar. Both Foreign and Domestic, if you adjust for inflation. Even without inflation adjustment, it lost in the foreign markets, which is pretty surprising considering how much those markets have expanded in the last 10 years. Domestically, it even loses to Force Awakens.

This means that the absolute peak of the MCU is not even the biggest film event of the past ten years.

Worldwide:
https://www.boxofficemojo.com/alltime/world/

Domestic:
https://www.boxofficemojo.com/alltime/domestic.htm

Foreign:
https://www.boxofficemojo.com/alltime/world/?pagenum=1&sort=osgross&order=DESC&p=.htm

Inflation adjusted domestic:
https://www.boxofficemojo.com/alltime/adjusted.htm

Blogger OneWingedShark July 03, 2019 2:45 PM  

Whitecloak wrote:"Unbiased" news cannot exist. Would Heaven write the news of Hell?
Of course; Jesus often spoke of hell and Judgment, warning of them.

Blogger dienw July 03, 2019 2:46 PM  

God Emperor Memes wrote:"It's not a lie if *you* believe it."

From a certain point of view, Luke, it is the truth.

Blogger Whitecloak July 03, 2019 2:47 PM  

@33 That's Heaven's news, isn't it? Hell's news would speak of the glories of Hell and how much Hell embodies liberal democracy.

Hell's news calls Jesus a hatebigot and call Heaven an illiberal autocratic regime.

Blogger Hammerli 280 July 03, 2019 2:49 PM  

If you dig through back-issues of older newspapers, it's surprising how many "local" papers were reprinting articles from a handful of sources.

Blogger Honkler the Emotional Wreck July 03, 2019 2:57 PM  

We only want to read them for the pleasure of gawking widely in disbelief. That certainly isn't worth the price of admission these days though. Freak shows used to at least be entertaining....

Blogger Nate73 July 03, 2019 3:30 PM  

They did pretty well lying about stuff a decades ago. Is the internet and Google the main cause of this as opposed to Donald Trump?

Blogger Damn the torpedos July 03, 2019 3:31 PM  

You know I’m studying coding in college right now!

I’m sure some of these journalists would be great at it. Golly gee I think I’ll let some of them know about this great opportunity!

Blogger Noah B. July 03, 2019 3:45 PM  

"Media facing unprecedented struggle! Six million journalists in crisis."

Blogger Mystic On Main July 03, 2019 3:48 PM  

"Interesting, is it not, that they can't find subscribers... because literally no one actually wants or needs what they are offering."

It's becoming more and more difficult for media to find subscribers. And the new Apple News + is apparently pissing off the media that signed on since Apple isn't delivering the readership they promised.

However, it's a little ironic to see it written that no one actually wants or needs the media given the media (including many mainstream sources) are regularly cited and linked to at this blog. Someone is using the media and needs them.

Blogger NO GOOGLES July 03, 2019 3:49 PM  

A lot of these online outlets like Vice, Vox, etc have their days numbered as well. They are losing money even though they are basically defrauding the companies that buy ads from them by inflating their traffic using traffic assignment services by a factor of 4-10x. For a while I thought that the fraud would have to be blown wide open for these outlets to finally go down but they are bleeding cash even though no one has done anything about the fraud.

The only problem is that I'm sure a few megacorporations will buy up some of these media properties and keep them running at a loss just so they can use them as propaganda outlets. That's basically the only thing keeping the mainstream outlets (other than Fox - and even that is arguable and likely not sustainable) alive at this point - corporations will lose money to keep their in-house propaganda shops open. Likely they'll just mentally fold it into the marketing/lobbying budget rather than make any effort to reform.

Still though, the media struggling and laying off their paid liars is a good thing.

Blogger TMLutas July 03, 2019 3:52 PM  

It used to be that it was very expensive to transmit news. You had to buy a printing press and that whole operation created certain minimums. Aggregating news stories into publications that carried a wide diversity of news became a rock bottom foundation for the business. With the advent of cryptocurrencies and the Internet you don't have to do that anymore.

Nobody in the news business is acting like that. Anybody who is competent at the trade can do it. I wonder who will figure it out first and will they beat me to market?

Blogger NO GOOGLES July 03, 2019 3:53 PM  

@32
I finally saw Endgame and while I was 98% sure I was going to be disappointed even I was surprised how lame it was. The final battle was OK just as pure spectacle but I really was hoping they'd come up with something at least somewhat clever to undo the snap. Instead it's just your average "we wrote ourselves into a corner, guess we'll have to pull out time travel".
I actually enjoyed Infinity War but Endgame was just lame. Even more so with them dumping Winter Soldier as the obvious new Captain America for Falcon - bleh.

Blogger Primus Pilus July 03, 2019 4:07 PM  

Nate73 wrote:They did pretty well lying about stuff a decades ago. Is the internet and Google the main cause of this as opposed to Donald Trump?

The marxist social media giants are far more powerful when it comes to controlling modern communication, so the legacy propagandists are being phased out. They don't need TV or print, or the demographic they serve.

Blogger cecilhenry July 03, 2019 4:08 PM  

The thing the MSM don't grasp... is that we despise them.

Profoundly.

And for good reason.

Blogger Zaklog the Great July 03, 2019 4:26 PM  

@ The Lab Manager I enjoy reading articles from blue collar bloggers who actually have something interesting to say

Or an ordinary working guy YouTube channel, perhaps.

Blogger Ken Prescott July 03, 2019 4:41 PM  

"Thou shalt not bear false witness against my neighbor."

We lie our a$$es off in socially acceptable ways.

The classic lie: "I'm fine." (Real meaning: "I'm dying inside, but that's my problem, I'm not going to inflict it on you.")

Blogger Franz Lyonheart July 03, 2019 4:42 PM  

That is nearly three times more than the 4,062 cuts announced in the media sector in 2017 and the highest total since the economic crisis in 2009.

Learn to code. #hashtag

Blogger DonReynolds July 03, 2019 4:44 PM  

Journalists are sometimes called "bullshit artists" because they have so little interest in the objective reporting of factual news and will use even the most remote excuse....such as sports....to shoehorn and weave their own favorite causes and heroes and ideology. Unfortunately, everyone focuses more on the first word of their nickname and overlooks the part about them being artists. They are artists, not much different really, from the artists in movie-making and music-making. What they want is to make money, hopefully lots of money, doing it their own way, without having any adult supervision, without having to answer to producers or directors or studio management, without having to actually sell tickets to the public (or the public to like their art).

They all want to be artists and they all want the same situation as a Librarian, because the Librarian has unchecked license and authority (and pay) without having to satisfy the public. Yes, the newsrooms and actor guilds are all jealous of the Librarians. They wish they had such a sweet deal and they are convinced they deserve one. Just make all the artists into Librarians, so everyone must chip in to pay for the library, the Librarian does not have to bow and scrape to the public, but still gets paid, and they have absolute dominion in the library. They may not own the kingdom but they can treat it as their own. Isn't that what kingship really means? You own it all, without having to pay for any of it, and everyone does it your way, because you decide what choices they will have. Who else could pull off Drag Queen hour with small children?

The difference between the Librarians and the Media is...the Librarians did not write any of the books in the library, they simply picked them. The Media want to make libraries of only their own content and production (i.e. agenda). Libraries are never expected to turn a profit, but the Media will not long exist without it.

Blogger Cataline Sergius July 03, 2019 4:52 PM  

swiftfoxmark2 wrote:Newspapers ran on a subscription. They still do, as far as I know.

So the business model is feasible...


Actually no. They made their real money on advertisements.

The subscriptions were pretty much a loss leader. The purchase price barely covered ink and paper costs.

Blogger Cataline Sergius July 03, 2019 4:56 PM  

Newsies are in the same position the porn industry found itself in.

How do you compete against completely free content?

Blogger Cataline Sergius July 03, 2019 5:14 PM  

@52

Is that the future of the Newsies?

Are they going to be performing their various acts for tokens like cam-whores?

Blogger Snidely Whiplash July 03, 2019 5:37 PM  

ChicagoFire wrote:Colleges aren't going to fail as long as people keep entering.
They will fail as soon as they can't make their debt service. Learn some finance. I'm sure that for you it will be a world full of unexpected discoveries like that.

Blogger Solon July 03, 2019 6:07 PM  

@Cataline Sergius

I was saying the same thing to my woman just the other day.

Young girls out there today are trying to sell nudes of themselves and parade themselves around as whores for cash.

The difference between that and actual porn is the suspension of disbelief. A porn actress, no matter how pretty, is detached from the viewer: they're some beautiful woman *out there* getting paid to be a slut.

Camwhores and E-thots though are more relatable, you know, "pretty girl-next-door" who you can sling some cash at to get them to shake their ass and say your name and pretend to be your girlfriend for five minutes.

The difference is accessibility. Even though a lot of porn today is leaning toward the "VR" route, they're still not believable BECAUSE they're "professionals." An E-thot can be imagined to be living just down the street from you.

It's still beyond stupid to give them money for it. You could throw 20 bucks at an actual crackwhore and get the full package. But the illegality of it I think prevents most guys from doing that.

It's not about getting off, that's easy and free. It's about the illusion of being important to someone, of *mattering*, even for a few minutes, that guys are paying for.

To relate to journalism, however, the whorenaulists don't even give you that illusion. As a matter of fact, they want you to give them money to demonize you, to paint you as evil, and racist, and a bigot. THAT'S why they're losing money. They don't even pretend to give you a connection.

The Newsies will probably try to dance like a trained monkey, realize that there's still no market for that, and then either find productive work, starve, or just literally become whores.


TL;DR: Camwhores are a different market from porn. Journalists don't even have the option of switching to a different market (honest, unbiased reporting), because even if they were willing to do that, the market of "news" is completely flooded by the internet and amateur reporters. They're (figuratively for now, literally soon) screwed.

Blogger Chris Mallory July 03, 2019 6:15 PM  

swiftfoxmark2 wrote:Newspapers ran on a subscription.

Local papers got some revenue from subscriptions, but most of their revenue came from retail ads and classifieds. Both of those money streams have been gutted by the internet.
In the early '00's you would have 10-12 pages of classifieds in a Sunday edition, now you are lucky to see 2 pages.

Blogger nswhorse July 03, 2019 9:00 PM  

Inb4 they find some way to delay indefinitely or flat out refuse to comply with the order.

Blogger Unknown July 03, 2019 10:14 PM  

I still remember #CNNBlackmail, WSJ's Attack on PewDiePie, and RatherGate. It's amazing how these places seem to think Americans have the attention span of goldfish.

Blogger Crew July 04, 2019 12:10 AM  

@40: Another Holocaust!

Blogger wahr01 July 04, 2019 2:38 AM  

Unknown wrote:I still remember #CNNBlackmail, WSJ's Attack on PewDiePie, and RatherGate. It's amazing how these places seem to think Americans have the attention span of goldfish.

Let's be honest here, when speaking of your average American (or person making up the population of America)... are they wrong to think that?

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