Again, if it's such a great business plan why is it failing?
A small number of idiots = The D.C. professional crowd and those that buy into it.
This is not because its the only way or the best to profit off news. It's because news profits are a small amount of the family empires that own the media outlets. So it's ok to take a hit on the profitability to have big media influence.
You keep making this about smart businessmen maximizing profit...but that is only true in the sense that smart business men are trying to profit given the restraints placed on the media by ownership. No one is even allowed to do one damn negative story on any company that producer owns shares in. They aren't allowed to go on on about party corruption or wealth inequality. That shit would probably sell better than their current product.
But I agree that premium service fees aren't going to work. Social media is kind of a different topic that I don't think the jury is in on yet...were not sure if Facebook really can replace the T.V. MSM -- we're pretty sure it won't do as good of a job.
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