A Quote by Robert J. Shiller
News media stimulate bubbles, since stories about them boost their audience.
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The media are very dishonest. In fact, in covering my comments, the dishonest media did not explain that I called the fake news the enemy of the people - the fake news. They dropped off the word "fake." And all of the sudden, the story became, the media is the enemy. They take the word "fake" out, and now I'm saying, oh, no, this is no good. But that's the way they are. So I'm not against the media. I'm not against the press. I don't mind bad stories if I deserve them. And I tell you, I love good stories, but we won't - I don't get too many of them.
Diversity is essential to the success of the news industry, and journalists must include diverse voices in their coverage in order to reach a broader audience. We have stories to tell, but many in our audience have stopped listening because they can tell that we're not talking about them.
The weakness of cable news is that it chases its audience around. Your audience wants fast-paced, popular news. It needs real news. Cable news changes its stripes based on audience reaction. Viewers are reacting well to breaking news? You probably do more breaking news than you need to. The struggle is building something so that people will come to you, as opposed to constantly changing what you are because you're unsure of where the audience is.
Most people I've talked to are convinced that they're not getting valuable information from news media anymore. I'm not talking about tinfoil-hatters either, these are intelligent people who believe their news media has failed them.
Media bias in editorials and columns is one thing. Media fraud in reporting 'facts' in news stories is something else. ...The issue is not what various journalists or news organizations' editorial views are. The issue is the transformation of news reporting into ideological spin, along with self-serving taboos and outright fraud.
When you combine a media - bent on exploiting tabloid-type stories to boost ratings and circulation by innuendo and titillation - with unhappy or opportunistic individuals who have nothing going for them in their own lives, you get a bitter brew.
The media is the only business in the world where the customer is always wrong. If you're a news consumer, if you're a customer, and you complain to them, they will tell you that you are not sophisticated enough to understand what they do, and they're tell you to go listen or watch somewhere else. They're not even really doing the news for you. They're doing news for other journalists and other people in government because that's their real audience.
The news media are, for the most part, the bringers of bad news... and it's not entirely the media's fault, bad news gets higher ratings and sells more papers than good news.
One of the things we've learned about Donald Trump is he totally obsessed by the media. He is like the media critic-in-chief. He watches more cable news than people who work in cable news do. And he's extremely thin skinned about it.
What Fox News has become in 2020 is a conclusion of decades of right wing media and rhetoric against the rest of the media. In the '90s it was about media bias. In the 2000s it was about media bias. Now, the rhetoric is so much more extreme. It's about enemies of the people.
People are interested in things not necessarily covered by the mainstream media, so they download things online. The categories are growing because people find out that they're not able to get information about stories that are of interest to them on the evening news.
I think, ironically, the media's been good for America, but Trump's been good for the media. He's revitalized The New York Times and CNN - it's never had so much integrity and so much power ever, and that's because being attacked by constant authoritarians and fascists with an agenda has actually got them to sharpen up and to get back to base principles about what the media should actually be. It's also that the circulation boost has removed this horrible, incipient commercial pressure that compromises media.
The news now continues all night, whether it's politicians and the president using social media, or it might be a major news outlet dropping giant stories at 9, 10 o'clock at night.
The media is not about responding to the wishes of people. All you have to do in the United States is turn on the national news at six-thirty, and watch big pharma intervene between the news stories, trying to tell people what drugs they should buy. That's not a reflection of anything. That's an attempt to promote a particular kind of consumer logic that basically abuses people.
People say the media is feeding the public's hunger for celebrity news, but that's the drug pusher's mentality. I don't think anybody would be pining for news about Angelina Jolie's babies if it weren't being given to them in the first place.
People who travel in China tell me that the mood there is still very upbeat, because their media is different from our media. Chinese media emphasize how well things are going and suppress the bad news and publish the good news.
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