Such is ESPN’s power, it can move Louisville to the Atlantic Coast:

The power of television contracts has driven the recent fever of conference switching, as colleges forsake geographic loyalties in pursuit of more lucrative deals. In the last year, three universities jumped to the Atlantic Coast Conference for all sports: Pittsburgh, Syracuse and Louisville, none of them located within 200 miles of the Atlantic coast. Each stands to receive more than $16 million a year from the A.C.C.’s $3.6 billion contract with ESPN.

Or, as Louisville’s athletic director is quoted this morning as saying:

“We owe them so, so much,” Mr. Jurich said of ESPN. “They were willing to take a chance on us.”

The system as configured creates other distortions, the most prominent being the separation of Division 1 college football, like the rest of the country, into the one percent and the occupy crowd.

But of 340 Division I colleges, the athletic departments at only 23 generate enough revenue to cover their expenses, according to a report that Daniel Fulks of Transylvania University prepared for the N.C.A.A. in May.

ESPN’s newsroom professionals gamely assert their independence, but that’s not the point. The point is the journalism system in which they operate.

In a traditional news paradigm, a media company would generate revenue from an array of advertisers (and some from readers) and would then cover the government and other powerful institutions. This wasn’t conflict-free but at least the organizations had eggs in many baskets.

Here, the media company’s main source of income is the very thing its newsroom is supposed to cover. What’s more, it’s a business partner.

The newsroom was unable, for instance, to adequately cover its own role in the Big 12 conference realignment mess, as Ryan Chittum wrote at the time.

This is all backdrop to the decision last week by ESPN to pull out of the Frontline investigation into head injuries in the NFL, its business partner. ESPN officials pleaded they did so only because of misunderstandings about editorial control, but they did so after a combative lunch meeting with the NFL’s top brass, including Roger Goodell.

Whatever the case, ESPN has a real conflict—not just an apparent one—and this is how it managed it.

Bottom line for readers: The Post and Globe have been swallowed by businesses with interests outside the press, with the LA Times and Chicago Tribune narrowly escaping a similar fate, for now. Does anyone now question how essential it is for The New York Times, which of course broke all the ESPN stories cited here, yet another exposé, as part of an ongoing series, to remain independent?

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Dean Starkman Dean Starkman runs The Audit, CJR's business section, and is the author of The Watchdog That Didn't Bark: The Financial Crisis and the Disappearance of Investigative Journalism (Columbia University Press, January 2014). Follow Dean on Twitter: @deanstarkman.