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cocomojo
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Media analyst Bob Knight says the newspaper industry has experienced its most substantial drop in advertising revenue in more than half a century.
"The reason for the great drop in revenue is there are so many competing sources now, and we're changing as a society to build our own information sources," explains Knight. "People are going to the web more and more. In effect, he says, that frees up consumers from their dependence on a single source of information that has been biased over the years.
Knight compares the mainstream media -- old-line newspapers and broadcast networks -- to a "big dragon that's been wounded" and is still "flailing around" and doing a lot of damage because of its liberal bias.
"The reason for the great drop in revenue is there are so many competing sources now, and we're changing as a society to build our own information sources," explains Knight. "People are going to the web more and more. In effect, he says, that frees up consumers from their dependence on a single source of information that has been biased over the years.
Knight compares the mainstream media -- old-line newspapers and broadcast networks -- to a "big dragon that's been wounded" and is still "flailing around" and doing a lot of damage because of its liberal bias.