T.C.A. Srinivasa-Raghavan in Business Standard:
“The media business is the only one where, in the standard demand function comprising price, quality and taste, the last-mentioned plays the dominent role (after price which is, of course, always important).
“If consumer taste is predisposed towards rotten quality, should what constitutes good quality be re-examined? This, I think, is the central problem confronting the Indian media, where consumer preferences point, in the limit, only to the production of rubbish.”
Read the full column: The economics of bad media