TV News LIES

Monday, Jun 26th

Last update05:20:13 AM GMT

You are here News Journalism & Media Journalism Is in a Disastrous State -- But for a Handful of Millionaire Pundits, It's a Wonderful Life

Journalism Is in a Disastrous State -- But for a Handful of Millionaire Pundits, It's a Wonderful Life

E-mail Print PDF

JournalismMainstream journalism is, we’re often told, in a state of severe crisis. Newsroom employment began to decline as a result of corporate takeovers in the 1990s. Then the digital revolution destroyed the advertising market, plunging the industry into serious doubt about its very business model.

But times aren’t rough all around. There are many pundits and TV anchors who are doing very well in the media world, racking up millions of dollars from their media contracts, book deals and lucrative speaking fees. Though they don’t generally approach the compensation packages awarded to network morning show hosts like Matt Lauer or evening anchors like Diane Sawyer, they’re not exactly hurting.

Of course, being the boss means the biggest payday—and media company CEOs have been posting unbelievable incomes. In 2012, CBS head Les Moonves made $62 million, Disney’s Robert Iger made $37 million and Rupert Murdoch ofFox took home a comparatively modest $22 million ( New York Times,5/5/13). Don’t feel sorry for Murdoch, though; as No. 91 on  Forbes’ list of the world’s richest people, with an estimated net worth of $11.2 billion, he’s unlikely to go to bed hungry.

More...


Most Recent Related Stories...


Gabe Pressman, legendary newsman, dies at 93

Gabe Pressman dead at 93Decades before every Mary, Joe and Harry had a camera and a microphone in their pockets...

Wall Street Journal fires celebrated reporter over involvement with arms dealer

Jay Solomon fired by WSJThe Wall Street Journal has fired chief foreign affairs correspondent Jay Solomon for what the paper...

New York Times slams 'misguided attack on Al Jazeera'

Al JazeerahSilencing Al Jazeera was a high priority when Saudi Arabia, the United Arab Emirates, Bahrain and...

Reporters face 70 years in prison over anti-Trump march

Reporters face 70 years in prison at anti-Trump marchEven when heavily armed riot police closed off a square block and surrounded protesters, media workers...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!