Thomson Reuters / Blackstone Deal Highlights New Era Of JournalismMark Melin
Blackstone’s recent $17 billion acquisition of Thomson Reuters financial-terminal business, the cash cow that paid for the financial burden of a news division, points to a historic paradox. While unbiased news coverage is vital for a democracy to survive – journalism is the only private enterprise mentioned in the constitution for a reason – the paradox is that, by itself, it is not self-sustaining. Or is there a new business model staring journalism right in the eye but . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email email@example.com or click Chat.