Given mass layoffs, accelerated media consolidation, declines in local journalism, and the rapid uptake of generative AI, the news industry—fundamental to institutional accountability in capitalist democracies—appears to be in deep crisis. Nonetheless, on this episode Ben Smith, a longtime journalist, former New York Times media columnist, and cofounder of digital news publication Semafor, makes the case that journalism can not only survive but thrive.

How much of the state of journalism today can be attributed to mistakes and how much to inevitability? Where does the marriage between social media and news go next? How can journalism remain financially viable? Smith and Capitalisn’t hosts Bethany McLean and Luigi Zingales discuss the future of journalism in the age of clicks and a path back to a media landscape that informs, educates, and holds power to account.

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