BI to do 8% layoffs.
A professional journalist in the US starts at $50-60k, can move up to $80k. The overhead (including managers etc) costs mean that the company pays $200-300k for that one journalist. 2 stories a week. Needs 100-150k people to read it at $10 cpm. Subscribers can do it at 10 or 15 people reading each story. But now we have experts doing broadcasting (not maybe exactly reporting though).
Traditional news lke BI, using ‘anonymous’ (basically, because not a celebrity who can lose their most valuable commodity ie cred if they lie) journalists uses ‘lying as a service’. ‘So you just have to ignore it all.’ Chamath. ‘Clickbait disinformation.’ Also a lot of trad media put out not just ‘not the truth’ but ‘the official narrative’ which is disinformation. Sacks. ‘Stenographers for the White House' printing ‘whatever they tell you to print’ rather than vetting it and telling you which part is the truth. ‘Gelman amnesia’.
The Economist, AP and Reuters have boots on the ground. Newswires are not great businesses.
Wikipedia and other companies that work opposite to Google Pagerank, have a weakness when it comes to Bios of Living People. If a company fails, someone was an investor, your fired someone, they have motivation to write bad things. Interest groups. Activists who are funded as a full time job to diseminate propaganda.
Triangulate towards the truth, not just one source. You can do this on Twitter by following a few hundred people you respect.
https://interfax.com/newsroom/top-stories/98832/
Vot Tak news website.