Answer:
In the middle of the 20th century, television network leadership believed that providing news was a public service. News wasn't expected to make money for national broadcasters. During that time CBS, for example, built up a high-quality news division, with distinguished journalists such as Edward R.
Explanation:
Many current concerns about the news can be traced back to long-term changes that began as early as the 1960s and accelerated in the 1980s, when media companies were bought by large conglomerates and chains, and increasing media concentration became a progressively larger problem.
In the middle of the 20th century, television network leadership believed that providing news was a public service. News wasn’t expected to make money for national broadcasters. During that time CBS, for example, built up a high-quality news division, with distinguished journalists such as Edward R. Murrow opposing McCarthyism and Walter Cronkite, who became “the most trusted man in America,” anchoring a highly respected nightly news broadcast watched by tens of millions. CBS also created foreign news bureaus around the world to inform the American public about international issues. It was referred to as the “Tiffany Network,” alluding to the perceived high quality of CBS programming during the tenure of CEO William S. Paley. Network news was something that great numbers of Americans relied upon and could share; it gave them a common set of facts upon which they could have discussions and debates.
In 1986 CBS was bought by Loews Corp., then mainly a hotel and movie theater company headed by Larry Tisch. By the 1980s and 1990s these types of acquisitions were happening across the media industry, CBS and Tisch being just one example. Whenever a big entertainment company or conglomerate came in, the news divisions had to answer to shareholders and improve the bottom line. For the first time, there was an expectation that the news divisions had to make money, just like the entertainment divisions. And a major way to improve the profitability of the news was to cut costs. At CBS, cuts included the foreign bureaus, documentary division, and enormous numbers of people in the newsroom. This was an erosion of the concept and standards of quality news, and it happened precipitously in the 1980s and 1990s.
Then what happened?
At the same time, market segmentation was increasing. As advertisers began to analyze large amounts of demographic data, they were able to target their products and advertising more precisely than ever before. Everything shifted to target marketing, and that means the national audience got sliced and diced. That happened first with magazines: the demise of the national general interest magazines—Collier’s, Life, Saturday Evening Post—and the proliferation of thousands of little special interest magazines hyper-targeted to specific audiences.
Right after that came cable television. Instead of three channels (ABC, CBS, and NBC) dividing up a big, diversified national audience, cable TV came along and targeted narrow niche audiences. Instead of spending big money to reach a mass audience, advertisers could spend less money and reach the narrow demographics they were really seeking. The ad money moved away from the big networks, and the emphasis for news companies changed. News became just another commodity.
How did cable TV change news?
Cable television’s new 24-hour news cycle brought major changes. It meant newsrooms didn’t have longer periods of time to prepare content, check it, edit it, vet it, and then present it to audiences. Reporters were pressured to go straight to air with current events and any new information that was presented to them. That began to result in rushed and incomplete reports, inaccuracy, distortion, and misleading material.
If you believe the polls, there’s now a real lack of trust in the media among the public. Some polls show that more than half of Americans don’t trust the media to tell them the truth. But this distrust isn’t something that only began in the last election cycle. This trust has been eroding slowly and steadily for 30 or 40 years. And it is going to take a long time to build up again.