An ex-Marine junior employee reported a lead suggesting Russian involvement with heavy caveats, and his seniors, 5 women, simply ran ahead with the story.
Why aren't more competent people doing these seemingly important jobs? Is news a public good?
Why is the importance of news media incommensurate with its revenue?
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“There have never been as many information producers as there are today. Paradoxically, the media have never been in worse shape,” economics professor Julia Cagé writes in her book “Saving the Media: Capitalism, Crowdfunding, and Democracy,” published by Harvard University Press in April. In it, she proposes a new business model for news organizations, inspired by a central idea: that news, like education, is a public good. Her model is inspired in part by major universities that combine commercial and nonprofit activities.