THE NEWS HACK'S CREED:
I know more than you.
I make lots more money than you.
I'm smarter than you.
I'm sexier than you.
I appear on TV all the time.
I work ten minutes a day.
I rule the universe.
I'm going to live forever.
You are an idiot.
THE NEWS HACK'S CREED, No. 2:
A lie isn't a lie when it tells THE TRUTH.
THE NEWS HACK'S CREED, No. 3:
I've come to realize that the looseness of the journalistic life, the seeming laxity of the newsroom, is an illusion. Yes, there's informality and there's humor, but beneath the surface lies something deadly serious. It is a code. Sometimes the code is not even written down, but it is deeply believed in. And, when violated, it is enforced with tribal ferocity.
--JOHN "OMERTA" CARROLL.
THE NEWS HACK'S CREED, No. 4:
News isn't news when we don't report it.
PERMALINKS:
THE NEWS HACKS' DICTIONARY
THE EUGENE DAVID GLOSSARY
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If the last bubble taught us one thing it's never trust sales -- ANALYSTS. Even those who don't have an inside interest act it. Saying stupid things is also the best way of getting your name in the papers -- and reaping big commissions.
And as if we didn't have enough proof this guy might be full of it:
"THE TRAJECTORY FOR PROFITABILITY OF MYSPACE IS EVERY BIT AS STEEP AS THAT OF GOOGLE!!!!!!!!!!!!!!!!!!!!!!!," the search giant that generated about $6.1 billion in revenues last year, the analyst wrote Wednesday.
That's not bad for a company that at the time of its purchase was barely generating a profit, and three years later is still wrestling with the ways in which it will make money. [Further overemphasis added]
P. S. AOL had a trajectory too. So did Yahoo!