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Or for that matter, ever.
Look -- whether you think it's left biased, right biased, establishmentarian, or whatever, here's the simple truth:
You read/watch news to get information about the world. That means you are trusting some other entity to form your impression of what the facts are and their likely consequences for the future. This is true even if you know the source is biased, and attempt to see through the bias. In either case, you are trusting them to talk about something pertinant, or at the bare minimum, you think that they are an opinion maker and whatever they talk about becomes important.
Answer this question, then -- who would you trust the least:
A) A member of my family B) A cooworker C) A personal friend D) A large corporation E) A complete stranger
And, answer this one -- who do you trust least:
A) A person who gets payed to go around telling the same information to a lot of people. B) A person who just goes around telling the same information to a lot of people, for free (supposing you know this to be true.) C) A person who always likes to be asked lots of questions and always has opinions. D) A person who you have to pester a bit for their information or opinions.
My guess is most people answer D to the first question and A to the second question. Guess which categories the major news networks fall into. So why is it that so many of us from all sides of every issue turn to the people we say we would trust the least, and at the same time, hardly ever consult those we would trust the most? Heck, even a complete stranger is better, so why has noone ever, just out of the blue while standing in line at a grocery store or whatever, asked me "Hey what do you think of..."? Whatever happened to TALKING TO PEOPLE in this country?
One argument might be that we can't get everything through the grapevine because it gets distorted. That the extra resources that newsmakers can call to bear in turning over rocks make the payed media more reliable. Well, we can clearly see that, at least at the moment, investigative journalism is all but dead. So why keep a lame dog?
(In fact, if you know anything about neural networks you know that since the advent of the Internet the "grapevine" no longer has to be a vine, but with geography removed, can be more like a moss. All that would be required is a little effort on the part of everyone to reach out to people who you do not normally talk to -- to break through the wall of your self-imposed social bubble -- and the old problems with distortion go away through a process called convergence.)
My inclination: if people want to get paid for news, we should take a hint from "reality TV" and just strap a camera on their head and pay them to walk around someplace interesting, inaccessible, or dangerous. Sure there will be standouts that actually do what reporters are supposed to, but for the most part, most of the stuff on TV and even a good share of what is on the web these days they should be paying YOU to watch, because to them it is nothing more than a chance to alter your view of the world in a way that benefits the highest bidder, themselves, or their most fanatically beloved meme.
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