Financialization and the “Crisis of the Media”: The Rise and Fall of (Some) Media Conglomerates in Canada
Bibliographic record
Abstract
New media have expanded the size of the media economy without cannibalizing the economic base of traditional media. The current woes facing some media primarily reflect a short-term, cyclical decline in advertising revenue caused by the economic downturn, the accumulated results of media consolidation, and the financialization of the media. The latter process saw vast sums of capital investment in the creation of massive media conglomerates based on wildly optimistic projections where future profits would grow faster than the expanding network media economy and exceed the high profits that characterized the media in the past. When that rosy scenario failed to materialize, some media companies were indeed in trouble and saddled with unsustainable debts, but there has been no crisis of the media per se.
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.001 | 0.007 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.002 | 0.005 |
| Science and technology studies | 0.011 | 0.004 |
| Scholarly communication | 0.009 | 0.002 |
| Open science | 0.001 | 0.002 |
| Research integrity | 0.002 | 0.004 |
| Insufficient payload (model declined to judge) | 0.006 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".