Walter Cronkite never worried about profits. There was never any sensationalism or mudslinging or product placement in his one-hour broadcasts. In his day, newspapers and networks employed large teams of correspondents in Europe, Asia, Africa, and Washington, to report the news accurately.
What happened? Corporatism happened. The networks and newspapers, forced to generate large profits, fired or laid off thousands of first-class reporters.
And the Internet happened. When the public started getting news on-line, thousands more reporters had to be canned.
Journalism became a joke. The following story, from Yahoo News, is illustrative. It illustrates the collapse of journalism.

The politically clumsy moment occurred during the president’s remarks at General Electric’s Waukesha Gas Engines facility.
“A lot of parents, unfortunately, maybe when they saw a lot of manufacturing being offshored, told their kids you don’t want to go into the trades, you don’t want to go into manufacturing because you’ll lose your job,” the president said. “Well, the problem is that what happened — a lot of young people no longer see the trades and skilled manufacturing as a viable career.”
“But I promise you, folks can make a lot more, potentially, with skilled manufacturing or the trades than they might with an art history degree,” Obama said.
The president seems to have caught himself pretty quickly.
“Now, nothing wrong with an art history degree — I love art history,” he said.
The White House press apparatus dutifully recorded that the gathered crowd engaged in laughter at this point and again right after Obama quipped: “So I don’t want to get a bunch of emails from everybody.”
The president, a graduate of two Ivy League institutions, then said: “I’m just saying you can make a really good living and have a great career without getting a four-year college education as long as you get the skills and the training that you need.”
So how do we get
cruel, heartless Obama? If we look at the content of the story, there is nothing shocking. The President ad-libbed a comment, apologized, and quickly recovered. His audience thought the remark was funny. Only the headline was shocking. It could have read, perhaps,
Obama Gaffe Brings Chuckles.
But then we do not have a story anyone wants to read.
The Onion might be capable publishing bullshit like this -- but Yahoo news? The story must have been written by a pot-smoking sophomore intern.
Well, the news didn't always suck.
Peace Out.
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