A friend reminds me that there was a period when Miramax bought the rights to every big story published in magazines throughout the city. Why mess with Weinstein when that big new female star you’re trying to wrangle for the June cover is headlining a Miramax release? Do you think that glossy magazine editor who threw the swankiest Oscar party in Hollywood was trying to “nail down” the Weinstein story? Right, just like the hundreds of journalists who were ferried across the river for the big party at the Statue of Liberty to celebrate the premiere of Talk—they were all there sipping champagne and sniffing coke with models in order to “nail down” the story about how their host was a rapist.
That’s why the story about Harvey Weinstein finally broke now. It’s because the media industry that once protected him has collapsed. The magazines that used to publish the stories Miramax optioned can’t afford to pay for the kind of reporting and storytelling that translates into screenplays. They’re broke because Facebook and Google have swallowed all the digital advertising money that was supposed to save the press as print advertising continued to tank.