From The Future of the News Business by Mark Andreessen:
…there is an approach to how the news is created that also prevents progress. It’s the notion that “objectivity” is the only model worth pursuing.
The practice of gathering all sides of an issue, and keeping an editorial voice out of it is still relevant for some, but the broad journalism opportunity includes many variations of subjectivity. Pre-World War II, subjectivity was the dominant model in the news business – lots of points of view battling it out in marketplace of ideas. As with people and opinions, there were many approaches to writing or broadcasting on the same topic.
My take is that the rise of objectivity journalism post-World War II was an artifact of the new monopoly/oligopoly structures news organizations had constructed for themselves. Introducing so-called objective news coverage was necessary to ward off antitrust allegations, and ultimately, reporters embraced it. So it stuck.
But the objective approach is only one way to tell stories and get at truth. Many stories don’t have “two sides.” Indeed, presenting an event or an issue with a point of view can have even more impact, and reach an audience otherwise left out of the conversation.
Seeking Alpha articles are frequently criticized for being biased, because they’re written by investors who take (and disclose) positions in stocks. But we’ve discovered that opinionated debate by people with skin in the game is the best mechanism for surfacing and hammering out the key issues an investor needs to know about. This was confirmed by a recent academic study which showed that Seeking Alpha articles and comments are far better than sell side research at predicting future stock prices.