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Ep. 5 - Game Theory: Media Product Versus Media Content
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In the final Liberally Correct episode of 2016, millennials Eric Mack and Brett Madsen give a brief overview of the history of media in the age of rapid corporate consolidation. They discuss how fake news, biased/spun news and sensationalist material is simply easier to monetize in today's niche media environment that for the most part is dependent on clicks. They also talk about the business and marketing of content and media, and how the transition from a product-based economy to a content-based economy is affecting not just the news and how we obtain information, but every aspect of our day-to-day lives.
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