Brian Morrissey on Bill Ackman, Ackman’s three hour conversation with Lex Fridman, and incentives in journalism and the media business:
The real issue Ackman underlines is a cultural insularity within the profession that has to be acknowledged. It’s too easy to blame external forces for the declines in trust and simple prestige of the news industry. There’s groupthink that tends to coalesce around a singular point of view. This got exacerbated during Trump and a generational shift toward a form of activism that’s been embedded in journalism for a while but has become heightened in recent years. Speaking truth to power became “calling out” various transgressions. The moralizing over dumb tweets did the profession no favors.
Worth reading in full.