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Time magazine is crashing completely. No surprise to anybody that realizes that half the readers in the country consider it a left-wing rag.  But they are laying off over 600 workers from falling circulation.
Wikipedia - under the Media Bias in the United States -Â asserts that there is considerable bias in the media based upon reporters actual political beliefs:
A poll of likely 2008 United States presidential election voters released on March 14, 2007 by Zogby International reports that 83 percent of those surveyed believe that there is a bias in the media, with 64 percent of respondents of the opinion that this bias favors liberals and 28 percent of respondents believing that this bias is conservative.[21]Washington Post ombudsman wrote that the Post had published almost three times as many page 1 stories about Barack Obama than it had about John McCain since Obama won the Democratic party nomination that June.[22] In September of 2008 a Rasmussen poll found that 68 percent of voters believe that "most reporters try to help the candidate they want to win." Forty-nine (49) percent of respondents stated that the reporters are helping Barack Obama to get elected, while only 14 percent said the same regarding John McCain. A further 51 percent said that the press was actively "trying to hurt" Republican Vice Presidential nominee Sarah Palin with negative coverage.[23] In October 2008, The Washington Post media correspondent Howard Kurtz reported that Sarah Palin was again on the cover of Newsweek, "but with the most biased campaign headline I've ever seen."[24]
Go the actual Wikipedia entry to look up the numbered references.
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