From The Atlantic: 2024-05-24 07:00:00

In 2011, Rupert Murdoch launched The Daily, a digital publication, on the iPad to reimagine news delivery. Despite spending $40 million, the publication folded after a year, reflecting the struggle of news outlets to adapt to tech trends like partnerships with Apple, Google, Meta, and others.

Media companies continue to make concessions, partnering with tech giants like OpenAI to sell news for AI training. Deals worth millions have been struck, eroding both journalism’s credibility and financial sustainability. The industry’s focus on short-term financial gains could lead to a further decline in quality journalism.

The news industry’s long-term viability is at stake due to tech-led disruptions, with large media corporations facing pressure to adapt. Legacy and new media outlets are losing resources and talent rapidly, potentially leading to more closures and acquisitions by powerful individuals. Publishers must prioritize integrity, protect their content, and resist selling out to companies that undermine journalism’s value.

Amid ongoing challenges, media publishers should prioritize quality journalism over quick partnerships with tech companies. The industry’s future depends on maintaining editorial integrity, protecting content value, and resisting the temptation to trade short-term gains for long-term sustainability. It’s time for publishers to focus on saving themselves rather than relying on tech firms for salvation.



Read more at The Atlantic: Media Companies Are Making a Huge Mistake With AI