Try and get past the fact that this is sort-of about Facebook. Because it’s more about the demise of news than it is about Facebook, specifically.
news organisations were never in the news business, Amanda Lotz, a professor of media studies at QUT, said.
"They were in the attention-attraction business.
"In another era, if you were an advertiser, a newspaper was a great place to be.
“But now there are just much better places to be.”
The moment news moved online, and was “unbundled” from classifieds, sports results, movie listings, weather reports, celebrity gossip, and all the other reasons people bought newspapers or watched evening TV bulletins, the news business model was dead.
News by itself was never profitable, Professor Bruns said.
"Then advertising moved somewhere else.
“This was always going to happen via Facebook or other platforms.”
It’s a really fascinating read. We can all agree that independent journalism is valuable in our society, but ultimately, most of us don’t so much seek news out as much as we encounter news as we go about our day.
I’m sure the TL;DR bot is about to entirely miss the nuance of the article. I recommend reading the whole thing.
It seems an accurate reporting of the law, but true. My apologies.
Media studies is not journalism. It’s an adjacent field. While she certainly has a point from her perspective, I wouldn’t call it the final arbiter in this case.
This isn’t about journalism. It’s about the fact that news orgs can only succeed if they can pay for themselves or be attached to larger money-making machines. That’s why most mastheads are owned by large media conglomerates, and those that aren’t have to charge subscription fees just to survive.