Re: The greasy underbelly of the internet
The smarter ones, while richer, also tend to be more discerning. That makes it less cost effective to chase that group of people for anything other than premium content. Apart from a few broadcasters/charities with a non-profit mandate, the sole reason for a company to exist is to make money. If companies were making lots of money producing "smart people's" TV, then you can be sure there would be a few more thumbs trying to get into that proverbial pie. Smart people are a minority, just like any other. Just ask Michael Bay...
Unless you are going to remove the profit motive from news media (only to replace it with political motives), then the status quo will continue.
Yes the internet is about chaos, but the chaos only exists for the people who actively seek it out. Not for the people in the self imposed walled garden, who only visit a handful of sites - each with the same political views, and assume the whole internet agrees with them.
"We cannot have a society organized around Quarterly Earnings Reports."
er but we do. It's called capitalism. As I assume you live in a democracy, you are free to start/vote for a different system. If you wish to put your own money into a business that isn't profit motivated, (or at least looks at yearly instead of quarterly), then there are many arts projects for you to be a patron of.
While I don't disagree with your sentiments, there is the chicken and egg situation where big media are big media because they can afford to be. Thankfully, the tide has been slowly changing over the last ten years, but implying that people are stupid (i.e. 'weak-minded') isn't going to encourage them to see whats outside of the walled garden that they are perfectly happy with.
For that, you need an advertising budget, and an idea of where that money is best spent.