August 3, 2012

STEVE HAYWARD: The Epic Fail Race: Blue Media vs. Blue Government. “It is hard to know which old model is failing fastest: the blue state model of governance, or the legacy media, which might be called the “blue state model of journalism.” We already noted the last few days the declining fortunes of CNN, as well as the news that Newsweek is going to cease print publication in the near future. But a little squib in the Wall Street Journal a couple of days back suggests it’s even worse than we know: the Washington Post has received a $500,000 grant from the Ford Foundation to shore up its shrinking newsroom. The Los Angeles Times already got a $1 million grant from Ford for the same purpose.”

Nonprofits giving money to for-profits for politically-resonant activity? I think we need closer supervision of the foundation world, too.

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