The Perils of Public Media Funding
In many media markets around the world, publicly-financed news organizations are little more than government mouthpieces. If even a fraction of these outlets' budgetary windfalls were redirected toward independent news sites and broadcasters, journalism would thrive and the public would be better informed.
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BUDAPEST – Hungary’s state media corporation, MTVA, operated last year with a budget of roughly $309 million, most of it coming from the government’s coffers. That means that MTVA – which runs television stations, a radio network, and a news agency – had a daily budget of $846,000. For a country of just ten million people, that is the definition of a spendthrift quango.