"The traditional business model of the news media has been deeply eroded by a shift in advertising revenues to online platforms. Media outlets must intensify efforts towards more inclusive journalism, alternative business models and diversified revenue streams. Urgent action from other actors is als
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o required in order to save – and ideally expand – the range of news providers serving the public. Injections of essential revenue for trustworthy journalism can come from donors, public subsidies, and financial support from tech companies. But such investment should come without strings attached. Multi-stakeholder task-forces or commissions of inquiry can tailor solutions – and help to prevent new funding from compromising editorial independence." (Key trends, page 1)
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"This book features pathbreaking analysis from journalists and academics of the changing nature and peril of media capture - how formerly independent institutions fall under the sway of governments, plutocrats, and corporations. Contributors including Emi
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ly Bell, Felix Salmon, Joshua Marshall, Joel Simon, and Nikki Usher analyze diverse cases of media capture worldwide, many drawn from firsthand experience. They examine the role played by new media companies and funders, showing how the confluence of the growth of big tech and falling revenues for legacy media has led to new forms of control. Contributions also shed light on how the rise of right-wing populists has catalyzed the crisis of global media. They also chart a way forward, exploring the growing need for a policy response and sustainable models for public-interest investigative journalism." (Publisher description)
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"Our report demonstrates that journalists are working in a severely pressured financial, physical and psychological environment during the pandemic. This will be the most enduringly difficult professional period many have experienced during their careers. There is the added complication of an inform
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ation ecosystem that is too tolerant of dis/misinformation and unreliable sources, including officials and politicians who politicize the crisis at the expense of truthfulness and accountability. Despite the challenges, a significant opportunity exists for journalism as a field to build on the renewed levels of mission, audience engagement and clearly demonstrated need for accountability reporting the pandemic has highlighted." (Conclusions)
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