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Journo has epiphany: ad revenue has gone direct from journos to google/FB

Posted on 10/19/19 at 2:51 pm
Posted by cokebottleag
I’m a Santos Republican
Member since Aug 2011
24028 posts
Posted on 10/19/19 at 2:51 pm
Realizes with horror that google and FB were the enemy all along

Summarizing the article:
Ad revenue was the lifeblood of journalism for centuries.
Newspapers and news media have seen ad revenue decline as google and FB consolidate the market.
Now google and FB control the internet, because they control the money.
Journos are stripped of any independent income, it all must go thru the ad gatekeepers. They are slaves to Cupertino.

I wish I’d been in the room when this journo had his moment of true clarity, when the companies and people he thought were his friends had actually ripped away his whole life.
Posted by Evolved Simian
Bushwood Country Club
Member since Sep 2010
20480 posts
Posted on 10/19/19 at 3:25 pm to
quote:

This is the first presidential election happening after the business model for journalism collapsed.


Speaking as someone who worked in the news media industry in the past, this comment is absolutely stupid. The collapse started in earnest 15 years ago. It seemed like every 1st quarter board meeting involved an explanation of why we were writing down goodwill. Again.
Posted by 3nOut
Central Texas, TX
Member since Jan 2013
28825 posts
Posted on 10/19/19 at 4:34 pm to
I think he’s referring to the mass layoffs with buzzfeed and the like at the beginning of the year.
Posted by bbrownso
Member since Mar 2008
8985 posts
Posted on 10/19/19 at 5:24 pm to
Maybe if the journalists had taken the advice and learned to code, things might have been different.

Posted by 88Wildcat
Topeka, Ks
Member since Jul 2017
13915 posts
Posted on 10/19/19 at 8:49 pm to
Meanwhile while all the freelance journalists in California were looking for Russian collusion with Trump California passed Assembly Bill 5 which will for all practical purposes eliminate freelance journalism in California.
Posted by Robin Masters
Birmingham
Member since Jul 2010
29647 posts
Posted on 10/19/19 at 9:24 pm to
quote:


Meanwhile while all the freelance journalists in California were looking for Russian collusion with Trump California passed Assembly Bill 5 which will for all practical purposes eliminate freelance journalism in California.


Divide and conquer
Posted by Deege
Member since Dec 2007
843 posts
Posted on 10/19/19 at 10:22 pm to
quote:

Speaking as someone who worked in the news media industry


Not a plus
Posted by TigerAxeOK
Where I lay my head is home.
Member since Dec 2016
24675 posts
Posted on 10/20/19 at 12:43 am to
quote:

Not a plus
He didn't mention being proud of it
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
67687 posts
Posted on 10/20/19 at 1:05 am to
He should have seen it coming.


Video killed the radio star.
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