News was run at a loss. It was a public service they had to provide in order to have the right to broadcast. The airwaves were considered owned by the public, and providing the news was the payment for using them. Once they no longer needed the airwaves (Cable), they could pump out for-profit news that was just sensationalized bullshit.
News was run at a loss. It was a public service they had to provide in order to have the right to broadcast. The airwaves were considered owned by the public, and providing the news was the payment for using them. Once they no longer needed the airwaves (Cable), they could pump out for-profit news that was just sensationalized bullshit.
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