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Victor Pickard: A new business model for journalism
Feb 22, 2024
Discussing the current crisis in journalism with a focus on job layoffs and revenue decline, Victor Pickard proposes a new model based on public funding. The podcast explores systemic market failures, the importance of community-driven journalism, and the impact of public media subsidies. Guests shed light on innovative community engagement efforts in journalism and reflect on marginalized communities impacted by HIV/AIDS.
21:11
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Quick takeaways
- Journalism suffers from a systemic market failure due to overreliance on advertising revenue.
- Public funding is crucial for sustaining journalism, especially at the local level.
Deep dives
Challenges in Journalism Industry
The journalism industry faces significant challenges, with job losses and cuts in media organizations due to various factors. Layoffs across digital, broadcast, and print news have increased significantly, linking this trend to factors like a stagnation in the ad market, high-interest rates hindering financial transactions in media companies, and a decline in news consumption post-Trump era.
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