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Facebook ate and then ignored the news industry
(www.abc.net.au)
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this post was submitted on 13 Mar 2024
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So, good journalism is dead? This article is a perfect example for it.
i don't think we should act like journalism was in a great place before.
FB capitalized on a weakened industry, but it was the industry itself that was responsible for that state.
they really fucked themselves by not transitioning to the new market, instead insisting that it was the customers that were wrong. all these years later, i've yet to see a news outlet that would be worth the subscription fee. they're mostly recycling content from other, free sites anyway.
once the older crowd passes, traditional news outlets are done for. the ones that remain will be the ones that were providing the content all along.
True journalism seems to be on its way out. Why pay journalists to research and investigate when you can pump out tons of ai generated garbage for nearly free.
Because democracy needs journalism.
This article was written by an Australian ABC journalist - they are primarily government funded and the News Media Bargaining Code doesn't apply to them.
(their non-government funding mostly comes from creating content which they sell, for example Bluey).