For a look at how bad things can become in a newsroom, before and after a big corporate takeover, read John Hockenberry's piece in Technology Review.
He left NBC and Dateline after parent company GE decided he wasn't best for shareholder value.
Hockenberry compared the GE corporate mantras to Maoism and decided NBC could not keep up with changing technology long before he left the network.
It's a long article, but worth it.
Hockenberry works for the MIT Media Lab now.
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