US - Left wing media dying

Air America, the left's radio arm, has gone bankrupt and there are signs left wing print media are dying.

And that's a good thing.

When three major names in newspaper publishing, New York Times (NYSE: NYT - News), Tribune (NYSE: TRB - News), and Belo (NYSE: BLC - News), report their third-quarter results on Thursday, the outcome will likely be yet another indication of the ill health into which their once-proud industry has fallen.

This expectation of less-than-stellar quarterly numbers follows earlier softness at Gannett (NYSE: GCI - News) and Media General (NYSE: MEG - News). Unfortunately, a return to economic health for traditional journalism does not appear imminent.

Headlines abound today blaming "declining advertising revenues" for publishing's growing malaise. And while that causal diagnosis is obviously correct, as far as it goes, the real problem is that fewer and fewer people anywhere curl up each day with their local fish wrapper.

That's because more and more people now realize what a lying bunch of left wing rags they are. This is why more and more people turn to the internet to counter the left wing bias.