“Few expected very much of Franklin Roosevelt on Inauguration Day in 1933. Like Barack Obama seventy-six years later, he was succeeding a failed Republican president, and Americans had voted for change. What that change might be Roosevelt never clearly said, probably because he himself didn't know.”
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Those who remember Washington's cold war culture in the 1980s will recall the shocked reactions to Reagan's intervention. People interested in foreign policy were astonished when in 1985 he met alone at Geneva - alone, not a single strategic thinker at his elbow! - with the Soviet Communist master Gorbachev.
There is a growing literature about the multitude of journalism's problems, but most of it is concerned with the editorial side of the business, possibly because most people competent to write about journalism are not comfortable writing about finance.
Anything that isn't opposed by about 40 percent of humanity is either an evil business or so unimportant that it simply doesn't matter.
Except for politics, no business is scrutinized more exhaustively than journalism.