6min chapter

Metamuse cover image

44 // Media empires with Dan Shipper

Metamuse

CHAPTER

Is There a Lot of Capital in the Legacy Platforms and the Newer, Smaller, or Even Individuals?

There's a little bit oo kind of escape and routing around institutional disfunctions in the larger legacy publications. And i don't have a fully developed theory of what's happening here, but i think it's something like these older public ltics like the new york times or the washington post. They've built up an incredible amount of capital through tens or hundreds of years of good journalistic work. But now there's a constant temptation, if you're an individual at one of those firms, to basically draw down the capital for your own benefit, or for the benefit of whatever your pet cause might be. That might be taking advantage of the massed head to write some wild opinion

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