News, News and more News

"News is rapidly assuming the status of water, communication, and electricity.
Supplying it calls for an immense, a nd increasing, capital investment and very
large daily expenditures.....This means that supplying news assumes every day
more of the nature of a natural monopoly."

This quote from "The One-Paper Town" published in the Atlantic monthly, shows how news was the main commodity at the time. The New York Sun thrown out hundreads of workers leaving them without employment. News was very popular is different aspects of life and was seen not only as a source of information by many means but also as a natural monopoly , employing many people with jobs, as well as the employement of millions of dollars being thru newspapers, radio-televison or movies.