"The TV business is uglier than most things. It is normally perceived as some kind of cruel and shallow money trench through the heart of the journalism industry, a long plastic hallway where thieves and pimps run free and good men die like dogs, for no good reason." Hunter S. Thompson in Generation of Swine.
Homework: reflect on if/how the quote applies to your industry.
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sorin:
Journalism is a lucrative business. It has its own stars, rating and a pipeline of money attached to it. Television is the epitome of its lucrativeness. The news are the new entertainment and the entertainment became a mirror of life itself. TV doesn't bring news anymore, it brings "feelings" to cohorts of viewers "channelized" to a brand new reality.
I'm in telecom industry, a support, "commodity" business. This is why it cannot be an ugly business. The text you quoted projects in my mind the atmosphere from "Sin City". :)