News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
Ackchyually, it's the their major shareholders.
Edit: Downvote away, but read the threads under this comment. It's kinda important to understand if you're unhappy with the status quo.
Shareholders are not creating the program schedule.
The shareholders hire the people who create the programming schedule. The shareholders are their boss. Those executives know what their bosses want: maximum profits, and thus maximum shareholder value.
You're not wrong but it doesn't even matter what the shareholders want. Company executives are legally obligated to secure profits if they're publicly traded.
Of course it does. Shareholders elect the board of directors, and the board of directors hire the CEO. The shareholders, at least the majority shareholders, are the ultimate authority.
CEOs have an obligation to do what their bosses want them to do, which is true of every employee. Employees are hired to do what their bosses tell them to do, and if they don't they get fired. CEOs are hired by shareholders, shareholders are investors, investors want maximum return on their investment.
That isn't a justification as securing profits could be approached in numerous different ways. What we see typically is a focus on short-term profits at the expense of the company and it's long-term viability. You could easily argue that doing this is a disservice to the company, its employees, and the shareholders.
That's a cop-out. It's the execs.
Who hires the executives?
The board. Usually composed of the largest shareholders.
Exactly.
Are you under the very strange impression that the board of Comcast knows anything about the qualifications of a TV news producer? They probably didn't go to J-school.
They don't, however they hire the exec team with goals in mind ,such as maximizing profits, and they set specific metrics for these execs to meet. Execs cascade these goals down by hiring the right people who can execute them. For example this results in generally not hiring people who hurt profits.
I think you're discounting how far down does the profit maximization goal permeate and how significant its effects are.
Not at all. I've just worked in TV news. Not at the MSNBC level, but producers generally have at least an undergrad J-school degree. It's kind of necessary just to make things work.
I have no idea why you're being down voted because you're 100% right. Executives are EMPLOYEES. They are hired, and FIRED, BY the shareholders. They do what the shareholders want them to do.
Edit: I'm baffled at how many people don't know how corporations are actually structured. Let me help you:
Shareholders are the owners. Each shareholder owns a percentage of the corporation. All the shareholders together own the corporation, it is theirs. The shareholders elect a board of directors to make decisions on their behalf. This board of directors hires the CEO, whose job it is to oversee and manage the operations of the corporation.
Yeah, it's interesting.
To complete the picture, if the major shareholders set a goal of maximizing profits, this seeps into the hiring of execs and other employees down the chain as well as sets their goals. For example, a manager hiring a news journalist might hire a candidate that's more amenable to producing clickbait than dry reporting, if that generates more views. Another example - the board might decide that doing entertainment for a certain demographic while dressing it as news could be a profit maximizing endeavor. Then all the hiring afterwards has to acquire people who would conform to these goals. If this example sounds familiar, that's on purpose. 😂
Yes, and remember, there's like 100 people/families who are THE major shareholders for all the big corporations... But they make it impossible to figure out who exactly they are because they hide behind blackrock and vanguard... If we're going to name and shame anyone, it should be the owners.