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Stock impact report

MORNING GLORY: Legacy media didn't lose readers, it drove them away [FOX News]

News Corporation - Class B (NWS) 
US:NASDAQ Investor Relations: investors.newscorp.com/investor-relations
Company Research Source: FOX News
Readers will always read, and news junkies will always find and especially read news. Reading is simply faster than broadcast, so news delivered by text is always going to have a market. That reality does not, however, guarantee any platform the loyalty of a subscriber. "Journalism is a craft, not a profession," the late Michael Kelly would routinely state in the blessed years when he was a weekly guest on my radio program. Kelly was the equal of any American journalist of his generation, having worked for The New York Times , The Washington Post, The New Yorker, The New Republic and The Atlantic. Michael was killed covering the American invasion of Iraq in April 2003. The point he was making was that anyone could be a "journalist," as there is no licensing involved in American journalism as there is with professions such as medicine and law. Getting paid to "be a journalist" — that was the trick, and as the internet exploded, so did the opportunities to work in the craft. The Show less Read more
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