Back then, journalists make a lot fewer mistakes

The real heyday of American newspapering came in the late 19th and early 20th centuries when the United States features a literate population and no broadcast media. The rise of radio and television had a devastating impact on the industry and caused massive shrinkage in the volume of papers. This shrinkage then led to what journalists consider the heyday of American journalism when the industry had fallen so far that most papers faced little-to-no competition and could serve as authoritative "objective" sources of information. We're now once again amidst and era in which technological change is going to kill off a lot of existing business models. But all this has happened before, and all this will happen again.

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