How low does it have to get before they completely sink? They may have money coming from other sources, but that's got to dry up eventually. Just like those empty casinos in Vegas and Disneyland in LA. Something's got to give eventually.
These propaganda mills whether it's the NYT, WaPo, Fox News, MSNBC etc... do not need to turn a profit themselves. Their value is in swaying public opinion for promoting their investor's other lucrative businesses such as pharmaceuticals, armaments, or foreign influence.
But losing millions year after year? That can only go for so long before the tank runs dry. Many lucrative companies and industries have died off over the decades because people stopped buying their products, technology evolved, public and consumer opinions changed and so on. I think all of them are vulnerable given enough time.
Media companies are not like other companies. It's true that they make money on advertising but that is the smallest part of how they stay afloat. Their primary objective is peddling influence and propaganda. Under a communist oligarchy (which is what we are becoming) your media sources do not need to make any profit. They are simply propped up as long as you are proclaiming the virtues of the establishment and demonizing any alternatives.
Millions in a year is chump change when compared to the resources these oligarchs and countries have access to. A Saudi prince reportedly has a personal wealth of up to $1.4 Trillion. The pharmaceutical industry is worth $1.3 Trillion. That's millions of millions of dollars. The defense industry is worth hundreds of billions of dollars. So, again losing millions to protect your billions or trillions has no end. It's just a prudent investment and the cost of doing the business of controlling the masses.
Great news but they can go lower
How low does it have to get before they completely sink? They may have money coming from other sources, but that's got to dry up eventually. Just like those empty casinos in Vegas and Disneyland in LA. Something's got to give eventually.
These propaganda mills whether it's the NYT, WaPo, Fox News, MSNBC etc... do not need to turn a profit themselves. Their value is in swaying public opinion for promoting their investor's other lucrative businesses such as pharmaceuticals, armaments, or foreign influence.
But losing millions year after year? That can only go for so long before the tank runs dry. Many lucrative companies and industries have died off over the decades because people stopped buying their products, technology evolved, public and consumer opinions changed and so on. I think all of them are vulnerable given enough time.
Media companies are not like other companies. It's true that they make money on advertising but that is the smallest part of how they stay afloat. Their primary objective is peddling influence and propaganda. Under a communist oligarchy (which is what we are becoming) your media sources do not need to make any profit. They are simply propped up as long as you are proclaiming the virtues of the establishment and demonizing any alternatives.
Millions in a year is chump change when compared to the resources these oligarchs and countries have access to. A Saudi prince reportedly has a personal wealth of up to $1.4 Trillion. The pharmaceutical industry is worth $1.3 Trillion. That's millions of millions of dollars. The defense industry is worth hundreds of billions of dollars. So, again losing millions to protect your billions or trillions has no end. It's just a prudent investment and the cost of doing the business of controlling the masses.
https://thefederalist.com/2020/05/04/has-china-compromised-every-major-mainstream-media-entity/