…Woah. Let’s be clear, here. Samsung is buying influence. If they didn’t think they were, why would they bother buying journalists’ airplane tickets and putting them up in hotels? (Frommer, I’m told, is not the only one being “sponsored”.) Then again, the likely alternative is that Frommer would be covering the event from his desk.
Business Insider chief executive Henry Blodget has been candid in the past about the tough economics at work in online news. Unlike Reuters or Bloomberg, he doesn’t have a nice money-minting business to subsidize the less lucrative one of journalism.