Content Ad 002

Article Title: Regulating Facebook and Google Won’t Save Journalism


Article Summary


In this article, the author reports on the upset caused in the news industry due to Facebook and Google. He says that the abject state of journalism is due to the spread of the Internet, and Social Media in Journalism domain that has left traditional news outlets gasping for advertising revenue. Crumbling due to insufficient funding and majority of advertisement revenue going to Google, Facebook and then to Amazon, the author predicts that the future of the news industry to be bleak as many outlets, traditional and digital, have begun massive layoffs owing to the duopoly of FB and Google as a source of news and, in advertising. The author believes that breaking up their ad duopoly would add more competition to the online advertising space—though a ban on tracking, and therefore making advertising less efficient, but would create a more equitable economic arrangement. Further increased regulation of hedge funds and private equity and a commitment of public investment, particularly for local journalism will be necessary to give local journalism a boost.

He thinks that investments from silicon valley in the form of Billion dollar endowments for a new type of engine for independent journalism would be more significant a contribution than a thousand scattered initiatives put together. He hopes that the US Congress has a plan to save American journalism from its imminent death before it is too late.

Article Link: Click here to read the full article


Words to learn from this Article:

Hamstrung: Make ineffective or powerless
Duopoly: State of market dominance by two companies
Layoffs: The act of laying off an employee or a workforce
Holistic: Emphasizing the organic or functional relation between parts and the whole
Philanthropy: Voluntary promotion of human welfare
Equitable: Fair to all parties as dictated by reason and conscience
Reparations: Compensation (given or received) for an insult or injury
Hemorrhaging: Lose blood from one’s body

Explore More: Previous 3 Daily Reads Articles

Reading Motivation

  • One of the joys of reading is the ability to plug into the shared wisdom of mankind.
  • What does reading do? What potential does it have? It has the potential to take you to another world: a world of imagination and exploration.
  • Make sure you start your journey to learn as soon as possible.
  • In case you are not regular with daily reads till date, no issues: START TODAY!

Content Ads 02 Sample 01

Join our Free TELEGRAM GROUP for exclusive content and updates

Rsz 1rsz Close Img

Join Our Newsletter

Get the latest updates from our side, including offers and free live updates, on email.

Rsz Undraw Envelope N8lc Smal
Rsz 1rsz Close Img
Free Live Webinar Update