Response from Professor Farrelly: There …

Response from Professor Farrelly: There is a role for credibility in news cycle. The way you get credibility is through experience. We need to have trust in sources. Even though I share your skepticism [in for-profit media], the kind of experience I mentioned earlier in establishing credibility is not inexpensive to produce. Quality is costing NY Times 3 million a year. Wondering, if, the problem is the idea of a for profit-media, since 1980 profit expectations associated with news have skyrocketed.

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