Sinking ships cluster together: Big media consolidations

From Brian Stelter at CNN Money,

This week we learned that Comcast, Verizon and other companies are circling 21st Century Fox; that Mashable is being sold to Ziff Davis at a fire sale price; and that the magazine publisher Meredith is bidding for Time Inc. again.

A number of other prominent media companies are also looking for an “out” in the form of a sale. More.

Reality check: Looking for an “out” in the form of a sale? So were the manufacturers of bustles and corsets. These people must not be given any form of government help that was not given to the manufacturers of bustles and corsets.

See also: Too Cool for words: Legacy media unionize and die

Why rubes don’t trust traditional media any more Because we can get wrong information without paying for it.

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