The Intercept reports: CBS CEO: “For Us, Economically, Donald’s Place in This Election Is a Good Thing” "Les Moonves, the chief executive of CBS, celebrated Donald Trump’s candidacy for the second time on Monday, calling it ‘good for us economically.’ Moonves, speaking at the Morgan Stanley Technology, Media, and Telecom Conference at the Park Hotel in San Francisco, described the ‘circus’ of a presidential campaign and the flow of political advertising dollars, and stated that it ‘may not be good for America, but it’s damn good for CBS, that’s all I got to say.’"
This is the current problem with the fourth estate, it has to be run as a business. The incentive is not to provide the most informative news, but the news that delivers the most money. When TV started and radio frequencies were given out, providing news was part of the bargain that the media had to give to make use of the public airwaves. Not so much anymore and news divisions are just another profit center. So this year we have at least one party, who's primary is being run a wrestling match and it's being covered as one as well. You get what you incentivize and we're doing that wrong.
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