Hubris Is Not Killing the Media. Tech Giants Are. ...Middle East

One version of the abrupt, spectacular downfall of The Messenger, the news site that shuttered abruptly on Wednesday after its founders blew $50 million in less than a year, revolves around the arrogance and stupidity of its founders. Pitched as a centrist, nonpartisan outlet, it apparently was conceived on the (wrongheaded) assumption that because many Americans consider themselves independents and mistrust the media, there must be a massive, untapped market of news consumers who just want the cold hard facts. And the site was going to tap that market—more than 100 million monthly readers, it hoped—with a decade-old strategy.And yet, there’s another version that’s also true. Even if The Mes

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