Journalism faces an apparent contradiction that afflicts it all the way to its innermost core. On the one hand, we are traversing a golden age for content creation, where the tools, methods, and networks are easily available and relatively cheap, starting with the massive proliferation and penetration of smartphones. It’s an incredible moment to be a communicator, given the ease of access to massive audiences, constantly connected with their smartphones to different platforms making distribution extremely efficient. Yet, those same platforms and the digital ecosystem as a whole have yet to construct a business model that will make the media industry economically sustainable in the short-to-medium run, in great part do to the outsized market power of the largest tech corporations like Google GOOG +0.1% and Meta – Facebook’s latest rebranding in order to leave behind a series of bruising accusations stemming from whistleblower Frances Haugen’s leaking of documents showing the company run by Mark Zuckerberg was aware of strong collateral damage caused by the Facebook family of products including genocide and suicide.
This “great dichotomy” poses important questions for the present and future of journalists, the newsrooms they inhabit, the media organizations they are a part of, and the information ecosystem as a whole. It also raises the bar for governments and regulators who, smelling the blood, know that prosecuting Silicon Valley giants that also include other major...
Read Full Story: https://www.forbes.com/sites/afontevecchia/2021/12/25/journalisms-great-dichotomy-and-the-internets-crooked-incentives/
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