TV News LIES

Friday, Aug 01st

Last update02:17:54 AM GMT

You are here News Journalism & Media Journalism Is in a Disastrous State -- But for a Handful of Millionaire Pundits, It's a Wonderful Life

Journalism Is in a Disastrous State -- But for a Handful of Millionaire Pundits, It's a Wonderful Life

E-mail Print PDF

JournalismMainstream journalism is, we’re often told, in a state of severe crisis. Newsroom employment began to decline as a result of corporate takeovers in the 1990s. Then the digital revolution destroyed the advertising market, plunging the industry into serious doubt about its very business model.

But times aren’t rough all around. There are many pundits and TV anchors who are doing very well in the media world, racking up millions of dollars from their media contracts, book deals and lucrative speaking fees. Though they don’t generally approach the compensation packages awarded to network morning show hosts like Matt Lauer or evening anchors like Diane Sawyer, they’re not exactly hurting.

Of course, being the boss means the biggest payday—and media company CEOs have been posting unbelievable incomes. In 2012, CBS head Les Moonves made $62 million, Disney’s Robert Iger made $37 million and Rupert Murdoch ofFox took home a comparatively modest $22 million ( New York Times,5/5/13). Don’t feel sorry for Murdoch, though; as No. 91 on  Forbes’ list of the world’s richest people, with an estimated net worth of $11.2 billion, he’s unlikely to go to bed hungry.

More...


Most Recent Related Stories...


Wikipedia blocks 'disruptive' page edits from US Congress

WikipediaWikipedia administrators have imposed a ban on page edits from computers at the US House of...

MSNBC Contributor Accuses Network Of 'Biased' Coverage Toward Israel

rula JabrealMSNBC contributor Rula Jebreal took issue with the network's coverage of the conflict in the Middle...

Washington Post reporter Jason Rezaian held in Iran

Jason RezalanAn American reporter for the Washington Post and his wife have been detained in Tehran, an...

Committee To Protect Journalists Urges Israeli Military To Stay Away From Media Buildings

Gaza invasionIsraeli military must steer clear of areas housing journalists while launching its attack on Gaza, the...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!