Is Progressive Journalism On Its Last Legs?

By Thom Hartmann, The Hartmann Report

Have you heard that Comcast is planning to sell MSNBC? Is Rupert Murdoch planning to buy it? Will America’s media landscape soon resemble those of Hungary and Russia?

Without the rightwing media juggernaut, Donald Trump probably wouldn’t be president next year and wouldn’t have won in 2016. That said, the progressive media landscape looks like it might be about to get a whole lot worse.

Comcast, which owns NBC and its subsidiaries CNBC and MSNBC (among other media outlets) announced this week that they’ll be spinning off MSNBC (among others) next year.

And the consequences are already showing up. It was reported this week that Rachel Maddow just took a substantial annual pay cut because of the uncertain future of the network.

In part, this probably reflects a belt-tightening at Comcast but is also an indication of how legacy media—which now includes cable properties—are taking a hit from newer digital media, from social media to podcasts to web-based networks and programs.

The principal analyst and VP of content for the market research company eMarketer, Paul Verna, told the AP that:

“The writing is on the wall that the cable TV business is a dwindling business,” and, the AP noted, is “predicting future consolidation of the networks or acquisitions through private equity.”

Private equity (like Bain Capital) and large media operation acquisitions have a long history of gutting media properties to increase their profitability; often this includes what a study by Stanford University researchers described as a trend to “substitute coverage of local politics for coverage of national politics, and use more conservative framing.”