Commercialism ignores the importance of journalism

According to the NZ Herald report, TVNZ is going to target the investigative journalists in their plan to cut spending.

It's a typical example of the failure of commercial media model. Investigative journalism is the most important part of media organisations which enable them to fulfill their role as one of the society's integral pillars. There are many other things that are far less important than investigative journalism! What's the raison d'etre of the media? To critique and restrain power.

Commercial media model in which media organisation's primary purpose is profit maximisation is fundamentally flawed. Investigative journalism is expensive and may not have the highest rating, but has an intrinsic value in it that can't be taken into account in the capitalist market. That is why we need a non-commercial public broadcaster!