Newsweek fail?
Does Sidney Harman's purchase of Newsweek for $1 indicate that the mainstream media exists only as a vanity project? RT contributor Danny Schechter explained that the media industry is undergoing both an identify and financial crisis, with older forms of media struggling to redefine themselves. The environment is more competitive and the profit model uncertain; it is possible Newsweek will die out. But -- is there a hidden political agenda? Harmon's wife in is a US Congresswomen, after all.
Does Sidney Harman's purchase of Newsweek for $1 indicate that the mainstream media exists only as a vanity project? RT contributor Danny Schechter explained that the media industry is undergoing both an identify and financial crisis, with older forms of media struggling to redefine themselves. The environment is more competitive and the profit model uncertain; it is possible Newsweek will die out. But -- is there a hidden political agenda? Harmon's wife in is a US Congresswomen, after all.
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