Could Negative Personal Experience Cloud MSM Economic Reporting?
Some have bemoaned the lack of positive media coverage of the comparatively strong U.S. economy over the past few years. Maybe there’s a reason. In a review of -30-: The Collapse of the Great American Newspaper edited by Charles M. Madigan, John Saul notes:
From article to article, there is an echo of depressing statistics about the newspaper business: 44,000 news-industry employees lost their jobs in the past five years, pre-tax earnings at newspapers were off 8.4 percent in 2006 over the previous year, 200 papers closed in the past 25 years. Overall newspaper circulation was down 10 percent, as the population went up 12 percent, since the mid to late 1990s.
Is it any wonder that the majority of the dead-tree MSM finds it hard to believe that the economy is doing well?