The Money Quote on Today’s MSM
From Walter Russell Mead of Via Meadia over at The American Interest. My emphasis in bold:
The rise of new publications like IBT illustrates the reality that the public still wants and needs news. Indeed, the global hunger for real news, useful filters and helpful analysis is growing. What isn’t growing is the desire to read the bloviating, self-indulgent prose of dozens of highly paid, self-important windbags who tweak the conventional wisdom week after week under the illusion that they are making some kind of contribution to public life. (Here at Via Meadia, none of our self-important windbags are highly paid.) The public appetite for theme and variation on the Davos party line is small, and the desire to pay hefty subscriptions for the privilege of reading elegantly phrased iterations of the elite consensus seems to have melted away.