...they went out of business, because "news" [whatever that may mean] was not coming from fact based journalism* (not unlike the failed record/movie/media business).
They eventually have to pay the price for not delivering what they were supposed to. The REAL problem is the consequences of failing to inform the public (as opposed to disinform, e.g. The Economist on warmongering). Unsurprisingly, The Econ. fails to address this (most important) issue.
* see Manufacturing Consent: it should have been a warning taken seriously.
> see Manufacturing Consent: it should have been a warning taken seriously.
They did take it seriously. They thought that they were manufacturing the correct consent. (To be fair, their major disagreement with Chomsky was over what consent to manufacture and they're not as far from apart as Chomsky would have you believe. Compare Candidate Obama with President Obama.)