On Sat, Jul 25, 2015 at 11:26 AM, K.M. Richards <[email protected]>
wrote:

> I wouldn't be surprised in the least to find you were right about that,
> Kevin.
>
> Yet NBCCastiversal (or whatever their corporate name is now) can't get
> their minds around the idea that a loose cannon can attract eyeballs if it
> goes off as expected.  I phrase it that way because both in MSNBC's and
> Current's case, they overreacted to Keith being Keith.  It's not like they
> didn't know this is the way he is, because this is the way he's always been.
>

Kevin said a real news channel could make a profit - I also would not be
surprised if that were true. For years (in my view, up till Roone Arlidge
got his grubby little hands on it) network news was not expected to make a
profit (William Paley told his news reporters in the early 1960’s that they
shouldn’t be worried about costs:  “I have Jack Benny to make money” (
http://niemanreports.org/articles/the-transformation-of-network-news/).
With the arrival of flash and then big corporate takeover of broadcast
networks and cable, news was transformed into a profit center. I should
think there is a reasonable mid point, where news could make a small and
sustainable profit without whoring itself out much more than a traditional
paper's entertainment section and brief horoscope.

But capitalism is not about making a profit, it is about continually
increasing profits. A real news cable channel could make a small, stable
profit, but not the kinds of margins the mega-corps demand for their
shareholders. So I would be extremely surprised if a real news channel
could exist in the current environment, unless we somehow had the balls to
fund an all news PBS channel substantially underwritten, but not
controlled, by taxpayer money.

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