Kavmerica.com

How often in the last six months or so have you heard your local newspaper or news station proclaiming that the sky was falling down on the economy? Probably more often than you would have liked. Certainly the global economy is in turmoil but at least in the beginning it wasn’t as bad as it was being reported to be. Unfortunately, news companies see bad news equaling high ratings in this country. So it was in their short term interest to make the economy seem as bad as possible in order for them to drive up ratings.

The problem now is they are finding out that it wasn’t in their long term interest. Telling everyone that the economy is worse than it was eventually became a self-fulfilling prophecy.  As the economy shrank so did the number of companies who wanted to advertise in newspapers and on local news stations.  The result is the failing and bankruptcy of many news organizations across the country.  To date several large newspapers have gone under and countless newscasters have been laid off from local affiliates.

They did not report the news responsibly.   That is ultimately what it boils down too.  They mislead many people in an effort to boost their ratings in the short term at the expense of advertising revenues in the long term.  Truly they have reaped what they have sown.