Corporately-funded news is complete bull poop. I mean, its excellent in the sense that it makes money, but complete bull in the sense that it's all bull. Corporately-funded news is always bias, and always manipulative, and it makes the reader see the way they see. And it's all because of money. In their eyes, the audience are beautiful, crisp, right-out-of-the-bank bills.
For example, say a certain political party owned a particular newspaper - they would obviously incorporate advertisements or articles to make other political parties look bad; helping them to raise in the polls.
Or, say a tobacco company owned a magazine - they would place cigarette advertisements in the specific spots for people to see.
In his book, "Sex, Drugs and Cocoa Puffs", Chuck Klosterman talks about how newspapers hire page designers to "direct the eyes of readers to the stories they need to see most" (Klosterman, 216). Corporately-funded news act in the same manner as these page designers - they direct the eyes of the readers to things that they need to see. This is a form of propaganda - it's not always truthful (in fact it's almost always factual), but it helps the corporation to increase profits.
"Truthfully, I'm not even sure the average consumer knows that people called "page designers" even exist, but these individuals dictate everything you read (and - more to the point - everything you don't). Intellectually, the newspaper industry is now controlled by guys like Mario Garcia, the consultant who redesigned The Wall Street Journal when it went to full color in April of 2002. In all likelihood, you have never heard the name Mario Garcia before today - yet he is the kind of man constructing your consciousness" (Klosterman, 215).
Klosterman hits this theory head on. These page designers, and men like Mario Garcia, tamper with the information they are giving you. If there is something that may show a view of the opposing side, it is immediately cut out, and if there is something that will make the corporation look amazing and brilliant, they make it the focal point of what you see and read.
It's all about money, and how they can make you spend it.
Klosterman, Chuck. Sex, Drugs, and Cocoa Puffs. New York: Scribner, 2004. Print.

