Quote (Voyaging @ Oct 17 2016 08:32am)
The main problem is the lack of effective monetization of good journalism. News is now monetized mostly by internet ads, which results in writing clickbait garbage being the best business decision.
We need a resurgence of quality pay journalism.
I agree on the whole, but i think that the lack of trust in the media and the polarizing over the last decade that preceded online media played a part on why subscription media dropped so fast.
I mean by that, that we live in an era where online subscriptions are booming, Ipsy, Netflix, hobby subscriptions, 3 meals a week delivered to your house, every single online company that's free has a payed subscription which increases benefits, etc. Surely in all that there's a market for media to be sold, but only if the people have reason to trust it above and beyond the free media. It needs to be established as credible well beyond clickbait, which sadly has proven to be a hell of a chore while still keeping people entertained.
I think this may happen when cord cutting reaches its pivotal point, paid media will be forced to fully adapt or die. I for one expect entirely ala carte cable networks viewed entirely by streaming rather than coaxial to be the norm soon. At that point any news network will have to be worthy of buying with your package, so the competition may increase quality at least for some networks to break out as more objective than the ones people buy for an echo chamber like Fox News.