Unformatted text preview: The profit motive is at the heart of the newspaper, but this does not mean that market logic dictates news outcomes. Eugene Meyer lost over $1MM every year during his first 20 years of ownership at The Washington Post, but he did not care, as he wanted to own the paper to make a statement. He grew up in the time that buying a newspaper company was more about the political platform it afforded, not the money it brought in. 3. Read the section on market and press freedom; note: sources of economic constraint, chain ownership, and, concentration of ownership:...
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This note was uploaded on 09/30/2011 for the course COM 142 taught by Professor Theobald during the Spring '11 term at UC Davis.
- Spring '11