Real title: Failing news outlets seek government protection for past failures and outdated business models.
The legacy news media has completely failed to understand two things 1) that distribution is king, not content and 2) that their potential customers have so many more options now than just news. They gave away their distribution to Google and Facebook and still think that better content is the driver of their businesses. I am sick of hearing the CEO of News Corp whining about Google and Facebook. They could easily have invested in creating their own alternative distribution networks, but they completely blew the opportunity they had, with MySpace and they could have bought Instagram, What's App, SnapChat (if you don't think these are news networks then you've not been paying attention). So now they go whining to the government? Shame on them.
The legacy news media has completely failed to understand two things 1) that distribution is king, not content and 2) that their potential customers have so many more options now than just news. They gave away their distribution to Google and Facebook and still think that better content is the driver of their businesses. I am sick of hearing the CEO of News Corp whining about Google and Facebook. They could easily have invested in creating their own alternative distribution networks, but they completely blew the opportunity they had, with MySpace and they could have bought Instagram, What's App, SnapChat (if you don't think these are news networks then you've not been paying attention). So now they go whining to the government? Shame on them.