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Most of EVERYTHING is mediocre. But we know we can find good restaurants, books, clothes, etc. We can also find good reporters and sports media info. There is no "the media is the same thing everywhere" reality. It is not a uniform thing that way.
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Thats a good analogy. So what percent of books and restaurants are actually good? Maybe 20%? There are a lot of crappy books and restaurants. so yeah, maybe 20% of the media know what they are talking about.
It's not "knowing what they're talking about." I mean, they know what they're talking about in general basic ways. But some offer more insight and/or pick up on things more clearly and quickly. Plus like books or restaurants, a lot of it is a matter of taste too. So maybe different writers or analysts or talking heads appeal to different people.
The real point is, the thing is not homogenous. No over-generalizations about "THE media" will ever hold up.
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