From Town Criers to Bloggers: How Will Journalism Survive the Internet Age?
We do not want this kind of government intrusion on what is supposed to be a check on government. A shake out in the press is not a bad thing and will allow for more responsive and lean sources to emerge. Less direct government control is better in this mater. Protection or bailout of these old entrenched media sources would amount to governmental control of them and would further bias their "reporting". They have to a large extent lost their credibility, and their share of the public, because they have traded news reporting for news commentary. Commentary is acceptable except when you represent it as reporting and not as commentary, which is what they have done for quite some time now, to a large extent. Let the market support the sources they feel are helpful and let the others fail and the resources they control move on to news sources that we, the public, feel provide us with the best news, not what the government feels we need as news sources.