So stupid they are doubling down on the same Liberal Party love-fest they've been having for the last 70 years, while
they circle the Great White Bowl of corporate bankruptcy.
It's been a dismal start to the year for Canada's newspapers, and investors see little sign of a turnaround.
Postmedia Network Canada Corp., owner of many of the country's newspapers, announced in January it was merging newsrooms in cities where it has two papers, eliminating dozens of jobs. Torstar Corp., publisher of the country's largest circulation paper, closed its printing plant and fired 300. Rogers Media, a unit of Rogers Communications Inc., fired 200 people. The 149-year-old Guelph Mercury shut down its print edition. Some publishers are even suggesting government support is necessary. And that was just in January.
"We're seeing a further cratering of the daily press," Ken Doctor, an independent media analyst at Santa Cruz, California-based Newsonomics, said by phone."The toll that all these years of losses in print advertising has taken is now deadening the enterprises."
Two things are happening, in my estimation. First, people are not getting their news from the papers anymore, because the papers LIE. They lie about every important issue in our society. They lie by ignoring things that are vital for us to know about, they lie by covering shit that doesn't matter at all, and finally they tell actual untruths about the stories they do cover.
Second, because people are getting their news from more reliable sources, print ads are no longer effective. People don't see them.
These are not new things. They've been in motion for twenty years now. The larger media out there has been playing ostrich.
Not one existing media company has questioned The Deal they made with the Liberals back in the 1930's. The Faustian bargain that has set the course of this country since the Great Depression is finally coming apart due to social upheaval, government following policies that are destroying Canada and new technology creating competition for the public's eyeball time.
Clearly, the Big Media Buggywhip manufacturers are going to ride The Deal down in flames. Because they are -stupid-.
Faster, please!
Update: Welcome to all you
Small Dead Animals flying monkeys, and thanks for the linkage Kate!
