«We would argue that the media's failure on Iraq was not really a failure at all, but rather a classic product of "balanced" professional journalism. The modern conception of objective reporting is little more than a century old. There was little concern that newspapers were partisan so long as the public was free to choose from a wide range of opinions. Newspapers dependent on advertisers for 75% of their revenues, such as the Guardian and Independent, would have been regarded as independent by few radicals and progressives in, say, the 1940s. Balance was instead provided by a thriving working class-based press. Early last century, however, the industrialisation of the press, and the associated high cost of newspaper production, meant that wealthy private industrialists backed by advertisers achieved dominance in the mass media. Unable to compete on price and outreach, the previously flourishing radical press was brushed to the margins.»
That's one angry article!