John Ransom thinks the cratering valuation of BuzzFeed is will burden the investment plans of other organizations in the same category, whether we call them “new media,” youth media, digital media, or whatever.

Why BuzzFeed is languishing is an interesting question, and I can’t help but think it has a lot to do with the organization’s progressive ideology and Democrat partisanship.  A publication can’t maintain its edginess when the people it was slicing are out of power and its writers and editors consider the people in power off limits for the same sort of cutting criticism.

We’re seeing an advanced form of the same dynamic in Rhode Island.  At the end of the day, what’s the point of a news organization, let alone a number of competing ones, when it mainly offers affirmation for people who think they can’t be defeated, especially when it’s so clear that reality doesn’t agree with their regime?