Being “idealistic” in the business world?

This was a question and answer in my “Introduction to Information and New Media” module.

Question in the slide: How are tighter finances at media companies affecting news?

What the Prof replied: Newspapers and media companies in general are not making enough money. Some of their revenues have been taken. Digital advertising – people find it more impactful to advertise on the internet, than on radio/tv channels. Cost have gone up: cost of production, land costs and labor costs.

Honestly, the way to go about this is to sensationalise: sensationalise things that are not true (that is the very worse), and even great news companies have done this. That is what the current news review in the UK is about.

The above goes to support the point that once profit making is the top priority in business, you can’t expect to be idealistic about what you do.