Using news, television news in particular, to make money caught on with the success of the news magazine. Straying from just hard news into a mix of topics, they inserted themselves into putting together the story, and took a new pacing and look to create a new genre. The news magazine program still exists today, but as cable channels try to draw in more viewers during prime time and late night (just as 60 Minutes became prime time ) with political commentary programs such as Hannity or The O’Reilly Factor (Fox News.)
Other genres such as comedy have even found a way to use the news to be funny or satirical like self declared “Fake News” shows The Daily Show with Jon Stewart and The Colbert Report on Comedy Central, making fun of politicians, celebrities, and parties alike. The important news meant to inform the audience with the facts may still exist on television, but are now competing and sometimes overshadowed by entertainment and news that leans towards what you want to hear. 60 Minutes may have been the drama of the righteous quest with a social purpose, but now prime time news related programs are more to draw in viewers with opinions or humor. Is it just the capitalist quest with a financial purpose?
News making money was just one way the line between news and business started to blur and make radical changes to the newspaper industry. In the 60s and 70s newspaper began going public to make money. It resulted in the need to appeal to a mass audience and advertisers in order to fund news gathering, changing the business model that supported journalism.
Today, with the prevalence and amount of different news sources online, information and news seems to have gone extremely public in a way: now anyone can write it and post it, digital first and other non-legacy companies have formed online, and news can be accessed by smaller and smaller devices from almost anywhere…for free. This has been a devastating change to the business model that supported newspapers through subscriptions and ads. Why pay for a paper when you can go online, even get the news online from that papers’ s website? Why pay for an ad in the paper when you can post on Craig’s List for free? Papers are still struggling (some shutting down or going to only three days a week instead of a daily paper) to respond to this shift to the Internet. No longer are legacy, traditional news sources the only source of news and no longer do Americans have to pay to learn more.