Category — Blogs

The Great Media Depression

The Great Depression was the darkest economic period in American history – yet it was consistently cited by the mainstream media as a point of comparison in 2008. Network news shows referred to the Great Depression 42 times just in the first four months of the year, nearly three times per week. [snip]

Given this news, perhaps the depression is relegated to just one sector: the media

[snip]
Half a dozen newspapers said they would slash payrolls, one said it would outsource all its printing, and Tribune Co., one of the biggest publishers in the country, said it might sell its iconic headquarters tower in Chicago and the building that houses the Los Angeles Times. [snip]

Talk about bringing this on oneself. It just took time.