{"id":5256,"date":"2013-07-14T16:31:01","date_gmt":"2013-07-14T22:31:01","guid":{"rendered":"http:\/\/www.zmetro.com\/?p=5256"},"modified":"2013-07-14T16:31:01","modified_gmt":"2013-07-14T22:31:01","slug":"journalism-is-in-a-disastrous-state-but-for-a-handful-of-millionaire-pundits-its-a-wonderful-life","status":"publish","type":"post","link":"http:\/\/www.zmetro.com\/?p=5256","title":{"rendered":"Journalism Is in a Disastrous State &#8212; But for a Handful of Millionaire Pundits, It&#8217;s a Wonderful Life"},"content":{"rendered":"<p><a href=\"http:\/\/www.alternet.org\/media\/media-millionaires-journalism-and-001-percent\">Peter Hart:<\/a><\/p>\n<blockquote><p>Mainstream journalism is, we\u2019re often told, in a state of severe crisis. Newsroom employment began to decline as a result of corporate takeovers in the 1990s. Then the digital revolution destroyed the advertising market, plunging the industry into serious doubt about its very business model.<\/p>\n<p>But times aren\u2019t rough all around. There are many pundits and TV anchors who are doing very well in the media world, racking up millions of dollars from their media contracts, book deals and lucrative speaking fees. Though they don\u2019t generally approach the compensation packages awarded to network morning show hosts like Matt Lauer or evening anchors like Diane Sawyer, they\u2019re not exactly hurting.<\/p>\n<p>Of course, being the boss means the biggest payday\u2014and media company CEOs have been posting unbelievable incomes. In 2012, CBS head Les Moonves made $62 million, Disney\u2019s Robert Iger made $37 million and Rupert Murdoch ofFox took home a comparatively modest $22 million ( New York Times,5\/5\/13). Don\u2019t feel sorry for Murdoch, though; as No. 91 on  Forbes\u2019 list of the world\u2019s richest people, with an estimated net worth of $11.2 billion, he\u2019s unlikely to go to bed hungry.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Peter Hart: Mainstream journalism is, we\u2019re often told, in a state of severe crisis. Newsroom employment began to decline as a result of corporate takeovers in the 1990s. Then the digital revolution destroyed the advertising market, plunging the industry into serious doubt about its very business model. But times aren\u2019t rough all around. There are [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/5256"}],"collection":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5256"}],"version-history":[{"count":0,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/5256\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5256"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}