Comment by slickdork
1 hour ago
I suspect the third reason might be that most media is owned by a handful of people. If there's no money in news, why are these companies owned by billionaires?
[0]https://en.wikipedia.org/wiki/Concentration_of_media_ownersh...
There's not much money to be made by doing quality news, but plenty to be made in click bait crap news.
And if you're a billionaire there's a lot of intangible value in owning news outlets.