Don’t Trust the News: Matt Taibbi on Media’s Failure

Award-winning journalist explains how the media is badly failing us

by Adam Taggart
Chris Martenson’s Peak Prosperity

“If you don’t read the newspaper, you’re uninformed. If you do, you’re misinformed.” ~ Mark Twain (apocryphal)

If you feel you can’t trust the news anymore, you have good reason.

Award-winning — and newly independent — journalist Matt Taibbi (of “vampire squid” fame) returns to Peak Prosperity to break down for us how the news media industry became corrupted by the profit motive and now intentionally produces content to “entertain” rather than “inform”.

The five media behemoths who own more than 90% of all US media outlets (Comcast, Viacom, Disney, Time Warner, Newscorp) have discovered that it’s much more profitable to focus on discrete audience segments and give them the information they want to hear.

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