“There Will Never Be Enough Philanthropists To Restore The Status Quo Ante”

In a recent Reuters column that reminds that hard news was never commercially viable in America, Jack Shafer makes an excellent suggestion that will almost definitely be ignored: that ABC become a non-profit arm of ESPN, doing serious journalism as a public good. An excerpt:

“As philanthropists take the seat in the story room once held by politicians, we should be glad. But not too glad, because there will never be enough philanthropists to restore the status quo ante. Nor will the market create enough billionaires like Jeff Bezos who are willing to rescue drowning newspapers like the Washington Post. Wishful thinkers — I’m one — can hope for media giants like Bloomberg and ESPN, now the most valuable media property in the United States, to be persuaded to add noncommercial news to their bundles. (Perhaps ABC News, which is owned by one of ESPN’s co-owners, could be repositioned as the noncommercial face of ESPN.)”

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