
It's no secret that legacy media is facing a crisis. Traditional media outlets like newspapers, television and radio stations have had their business model upended by the internet, social media and now AI. Newspapers in the US are closing their doors at a rate of two per week, according to one study, while in Australia over 200 local newspapers have disappeared over the last 15 years. CBS News, owned by the billionaire Ellison family has recently sacked 60 Minutes correspondents, while earlier this year The Washington Post, which is owned by the billionaire Jeff Bezos, axed over 300 jobs, in a move employees described as a 'bloodbath.' How healthy is the fourth estate in the age of social media, AI and Trump 2.0?
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