Michael Bloomberg is disgusted with the current state of the media. Here's the money quote from the New York Times: “The public gets its information from the media, and the media is a shell of what it was before...They used to pay for reporters and editors with experience, and for lawyers, but all that’s gone, because the economy of the news business is so bad; they’re dumbing it down...I don’t see any difference between a newspaper on the Internet and a blog. It confuses everything and takes away the difference. People are getting their news from sitcoms and from movies with a political agenda. They’re even getting information from games!”
And don't forget, Michael Bloomberg owns a media conglomerate himself, so I guess he knows what he's talking about.
