An Interest In:
Web News this Week
- March 29, 2024
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
March 16, 2018 02:38 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/Pqu6inI6e5k/craigslist-not-to-blame.html
Clearchannel took over America's local radio, Bain Capital took over Clearchannel, Clearchannel went bankrupt
As I've written, the demise of newsmedia can't be blamed on tech -- rather, it was the combination of technology and deregulated, neoliberal capitalism, which saw media companies merged and acquired, vertically and horizontally integrated, with quality lowered, staff outsourced and assets stripped, leaving them vulnerable to technological shocks, after all their in-house experts were turned into contractors who drifted away, their physical plant sold and leased back, their war-chests drained by vulture capitalists who loaded them up with debt that acted like a millstone around their necks as they strove to maneuver their way out of their economic conundrum. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/Pqu6inI6e5k/craigslist-not-to-blame.html
Share this article:
Tweet
View Full Article