Summary: If you feel you can’t trust the news anymore, you have good reason. Award-winning — and newly independent — journalist Matt Taibbi (of -vampire squid- fame) returns to Peak Prosperity to break down for us how the news media industry became corrupted by the profit motive and now intentionally produces content to “entertain” rather than “inform”. The five media behemoths who own more than 90% of all US media outlets (Comcast, Viacom, Disney, Time Warner, Newscorp) have discovered that it’s much more profitable to focus on discrete audience segments and give them the information they want to hear. Which is why the time-honored approach of “just the facts” reporting to a general audience has practically disappeared. There’s less money in it, so it’s just not pursued anymore. To understand just how broken our news media is and to learn how to navigate your way to the few reporters and channels remaining dedicate to sourced, factual journalism, play this interview with Matt Taibbi.
