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If News Is So Important, Why Can't It Make Money? with Historic Media Executive Norman Pearlstine

Americans have long had a conflicted attitude about political news. On the one hand, most Americans, Republicans and Democrats, see the press as an essential watchdog on government. This is not a new idea: The founders of the country singled out the press for protection from government interference for just that reason. At the same time, sizable majorities of Republicans and independents today--and a good many Democrats besides--have little to no trust in professional media to report the news accurately. And audiences and advertisers are not willing to spend enough money to support it…

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