Two Weeks Late and $150 Billion Short
The Financial Times Says: "Daniel Davies Told Us So!"

Matthew Yglesias Unclear on the Concept...

He writes:

Matthew Yglesias: The Trouble With Propaganda TV: I think the problem is more fundamental than that. I mean, who wants to watch a propaganda channel?...

Ummm... Matt. Have you ever watched Fox News?

As Rupert Murdoch is reported to have said back upon its launch: There are lots of right-wing people in America who want their world view confirmed, not challenged, by their television. And this creates a market opportunity.