Reinventing journalism?

Journalism is moving through a ... transition in which business models are crumbling ... and consumer news habits are changing rapidly,” says the United States Federal Trade Commission (FTC) in a discussion paper. It then recounts how the advertising revenues of American newspapers have fallen 45 per cent in the last decade, and that this threatens the very existence of newspapers since advertising revenues account for as much as 80 per cent of newspapers’ total revenue. 

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