Mead’s commentary on the demise of Newsweek — and on the problems facing the liberal mainstream media in general — is trenchant. A taste:
[T]he public still wants and needs news. Indeed, the global hunger for real news, useful filters and helpful analysis is growing. What isn’t growing is the desire to read the bloviating, self-indulgent prose of dozens of highly paid, self-important windbags who tweak the conventional wisdom week after week under the illusion that they are making some kind of contribution to public life. . . . The public appetite for theme and variation on the Davos party line is small, and the desire to pay hefty subscriptions for the privilege of reading elegantly phrased iterations of the elite consensus seems to have melted away.
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Brand names are a wasting asset; nobody remembers what the leading brand of horseshoe was in 1900 . . . .
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Because the press elite generally acted as the high priests of orthodoxy in the holy temple of blue, its decline and fall marks a political as well as an economic transition. . . .