TV News LIES

Thursday, Nov 27th

Last update02:34:36 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...


St. Louis County Police Violate Court Order By Arresting Journalist Standing on Sidewalk

Ferguson journalist arrestedA credentialed member of the media was arrested in Ferguson around 11:40 pm Saturday night. The...

Syrian 'hero boy' video faked by Norwegian director

Syrian hero boyMillions of YouTube viewers have been captivated by the 'Syrian hero boy' who manages to rescue...

ESPN suspends Keith Law from Twitter after arguing about evolution with Curt Schilling: report

Kurt SchillingAn argument of creationism vs. evolution may have led to the latest ESPN Twitter suspension.On Nov....

U.S., European authorities strike against Internet’s black markets

Internet sites taken downU.S. and European law enforcement agencies Friday announced the largest strike ever against the Internet’s thriving...
 
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!