More on Weinstein here. Interesting guy.
There’s 4 kinds of “fake news”:
I) Narrative driven (NYT)
III) Factually false
I/IV now at war w II/III.
— Eric Weinstein (@EricRWeinstein) December 7, 2016
As this blog has noted: One of the core functions of successful media outlets lies in aggregating information and sources of information, cornering a market if possible, and maintaining competitive advantage by implementing new technology ahead of others in the same market space. It’d be nice if they had an idea of the ‘public trust’ in mind, or reader-respect, or consumer responsiveness…but…there are no guarantees. Also, they can easily become beholden to the people they rely upon for access.
What if the technology changes rapidly enough to make many old models obselete, or many of them obselete within a relatively short period of time?
The losers can be very vocal about their losses (some going-in for special pleading and the end-is-nigh handwringing….often with an inflated sense of their own importance).
A lot of the people who used the math to design the algorithms that now structure user interaction with information and sources of information have similar gatekeeping power/influence the old outlets had.
***Actual beat journalism costs time and money, is probably best done locally, and can be a vital check on those with power and influence (or more power/influence than the media outlet has, and more likely with conflicting political/business/ideological interests than the media outlet).
There is a risk calculation necessary for this type of journalism, because it often doesn’t pan-out.
Thanks to a reader.
Related On This Site:A Few Thoughts On Blogging-Chris Anderson At Wired: ‘The Long Tail’
Megan McArdle At Bloomberg: ‘The Slow, Painful Death Of The Media’s Cash Cow’
-(addition) Via a reader: Eugene Volokh argues freedom of the press ain’t about saving the buggy whip industry:
‘I’ve often argued that the freedom of the press was seen near the time of the Framing (and near the time of the ratification of the 14th Amendment, as well as in between and largely since) as protecting the right to use the press as technology — everyone’s right to use the printing press and its modern technological heirs. It was not seen as protecting a right of the press as industry, which would have been a right limited to people who printed or wrote for newspapers, magazines and the like .‘
At least with the Weekly World News, you got the best of fakery: