By Dan Rather
Sunday, August 9, 2009
You don’t have to care about media companies or reporters to care about the state of the news, because if it’s in trouble — and it surely is — this country is in trouble. That’s why, while speaking recently at the Aspen Institute, I called upon President Obama to form a commission to address the perilous state of America’s news media.
An intense period of corporate consolidation over the past 25 years, aided and abetted by deregulation by the Federal Communications Commission, has reduced to a mere handful the sources from which most Americans get their news. While independent reporting has been winnowed and homogenized, the news organizations responsible for this reporting have largely fallen under corporate mandates to increase profits quarterly — which has meant a reduction in news-gathering personnel, the shuttering of overseas bureaus and the nearly complete subordination of a public trust to the profit motive.
h/t: The Free Press