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Mainstream media going down; ABC, CBS imploding The American mainstream media has been on a collision course with reality for several years. It appears the day of reckoning has arrived as both ABC News and CBS News make announcements today that indicate deep financial woes. In short, the mainstream media is going down as the big news giants begin to implode.(AP Photo/ABC, Ida Mae Astute)For quite some time now it has been widely known that NBC News and its sister networks MSNBC and CNBC are in dire financial straits. That news was confirmed with the sale of the entity a few months ago.Today, however, ABC News announced that it is cutting its news correspondent staff by half and that it will close all of its 'brick and mortar' news bureaus, except for its Washington hub..........
Media Bailout in 3-2-1.....I know, let's put hefty taxes on Fox News to and use those taxes to support ABC,NBC, and CBS.
You laugh now, but you and I both know damned well that is exactly the route il Douche will finally propose for bailing out his propaganda ministry.