Over half your daily news is spin
crikey.com.au
crikey.com.au
Maybe that's why nobody is reading them anymore?
Is the economist really the last bastion of interesting informative information or is it just me?
Thorough analysis is in my opinion still best to be found in a select number of weekly and/or monthly publications. The time span involved leads to less noise making it. Finance & economics is the only exception I know of, notwithstanding The Economist. There are an immense number of really knowledgeable bloggers.
Basically, this study doesn't mean anything. For instance, when Facebook decided to change its privacy policy in December it announced it to the press. Many published the changes and questioned their legitimacy and why Facebook was inverting its policy. But according to the study, all of those stores were "spin."
Spin is your source biting back, and some of the sources are getting quite good at it. The response is to bite harder. Writing process-stories about how this or that was "spinned" is just whining.
Disclaimer: I'm not familiar with Crikey and can't tell for sure if this applies to them.
Not really. Crikey caters to a very limited niche in the Australian market and is subscription only. It has a really strong presence amongst policy makers/politicians etc and is probably the best political newspaper in Australia.
Crikey is not read by the man in the street. To give you an idea, their subscription base is in the thousands (not the tens of thousands) out of a country of about 20 million (so ~ 8 million potential households or so). Those who do subscribe do so because it often has leaks/stories that the main papers don't carry.
It's also not a daily newspaper in the traditional sense, unlike the main newspapers. It's an email sent out around midday. You wouldn't subscribe to it to replace the dead tree that turns up outside your house each day. [1]
When news-people use the word "spin" it's invariably in the same errand: To blame someone/something else for the fact that they don't do their jobs well.
You're making a mistake here in assuming that the business of major newspapers is in producing news. It isn't. It's in producing entertainment. If it contains the veneer of news, all the better. On a mainstream newspaper, the news-people are doing their jobs well [2]; they're filling an advertising catalog with enough interesting looking fluff that people will pay for it and read through it.
[1] Although if you're reading Crikey and reading the mainstream newspaper your main motivation for the latter is potentially only to see what other people are reading.
[2] Yes I'm aware the Internet is killing major newspapers, but that's because there's almost limitless other entertainment out there, for free.
The Market for News
http://www.economics.harvard.edu/faculty/shleifer/files/mark...
http://en.wikipedia.org/wiki/Manufacturing_Consent (Edward Herman and Noam Chomsky)