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Media companies outsourced their product dev to tech companies and got screwed
Media organizations miscalculated a decade ago by placing too much trust in social platforms, leading to the outsourcing of their product development to tech companies. This reliance resulted in a detrimental impact on traditional journalism, as individual creators found themselves unable to sustain large companies and became intertwined with the very enterprises they cover. Consequently, the blending of commerce and content blurred ethical lines, compromising journalistic integrity. Despite occasional successes, the initial model of web support for quality journalism has deteriorated into a landscape dominated by low-quality free content and paywalls. The current system struggles to sustainably distribute information, creating an environment rife with commercialized content and underwhelming revenue, underscoring the need for innovation and strategic creativity from both media and tech sectors to rectify these challenges.