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Is the Press Too Big to Fail?

Because it has been failing us again and again since Watergate.
 
 
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Everyone knows this story, though fewer and fewer read it on paper.  There are barely enough pages left to wrap fish.  The second paper in town has shut down.  Sometimes the daily delivers only three days a week.  Advertising long ago started fleeing to Craigslist and Internet points south.  Subscriptions are dwindling.  Online versions don’t bring in much ad revenue.  Who can avoid the obvious, if little covered question: Is the press too big to fail?  Or was it failing long before it began to falter financially?

In the previous century, there was a brief Golden Age of American journalism, though what glittered like gold leaf sometimes turned out to be tinsel.  Then came regression to the mean.  Since 2000, we have seen the titans of the news presuming that Bush was the victor over Gore,  hustling us into war with Iraq, obscuring climate change, and turning blind eyes to derivatives, mortgage-based securities, collateralized debt obligations, and the other flimsy creations with which a vast, showy, ramshackle international financial house of cards was built.  When you think about the crisis of journalism, including the  loss of advertising and the shriveled newsrooms -- there were  fewer newsroom employees in 2010 than in 1978, when records were first kept -- also think of anesthetized watchdogs snoring on Wall Street while the Arctic ice cap melts.

Deserting readers mean broken business models.  Per household circulation of daily American newspapers has been  declining steadily for 60 years, since long before the Internet arrived.  It’s gone from 1.24 papers per household in 1950 to 0.37 per household in 2010. To get the sports scores, your horoscope, or the crossword puzzle, the casual reader no longer needs even to glance at a whole paper, and so is less likely to brush up against actual -- even superficial -- news. Never mind that the small-r republican model on which the United States was founded presupposed that some critical mass of citizens would spend a critical mass of their time figuring out what’s what and forming judgments accordingly.

Don’t be fooled, though, by any inflated talk about the early days of American journalism.  In the beginning, there was no Golden Age.  To be sure, a remark Thomas Jefferson made in 1787 is often quoted admiringly (especially in newspapers): "If it were left to decide whether we should have a government without newspapers or newspapers without a government, I should not hesitate for a moment to prefer the latter."

Protected by the First Amendment, however, the press of the early republic was unbridled, scurrilous, vicious, and flagrantly partisan.  In 1807, then-President Jefferson, with much more experience under his belt, wrote, "The man who never looks into a newspaper is better informed than he who reads them, inasmuch as he who knows nothing is nearer to truth than he whose mind is filled with falsehoods and errors.”

Two Golden Decades

If there was a Golden Age for the American press, it came in a two-decade period during the Cold War, when total per capita daily newspaper circulation kept rising, even as television scooped up eyeballs and eardrums.  Admittedly, most of the time, even then, elites in Washington or elsewhere enjoyed the journalistic glad hand.  Still, from 1954 to 1974, some watchdogs did bark. Civil rights coverage, for example, did help bring down white supremacy, while Vietnam and Watergate reportage helped topple two sitting presidents, Lyndon B. Johnson and Richard Nixon.

Of course, press watchdogs also licked the hands of the perpetrators when Washington overthrew democratic governments in Iran in 1953, Guatemala in 1954, and when it helped out in Chile in 1973.  As for Vietnam, it wasn’t as simple a tale of journalistic triumph as we now imagine.  For years, in manifold ways, reporters deferred to official positions on the war’s “progress,” so much so that today their reports read like sheaves of Pentagon press releases.  Typically, all but one source quoted in New York Times coverage of the 1964 Tonkin Gulf incidents, which precipitated a major U.S. escalation of the war, were White House, Pentagon, and State Department officials (and they were lying).  In the war’s early years, at least one network, NBC, even asked the Pentagon to institute censorship.

 
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