ISS 210 Lecture 18: November, 3, 2016

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The future of news media: background: the financial crisis in 2008, shrinking workforce, decreasing circulation and products, revenues plummet. The crisis of newspaper in the financial crisis. What about citizen journalism: more open to bias, personal, opinionated, professional news websites v. s. sites being financed to promote certain points of view. Vii: (cid:862)net(cid:449)orked i(cid:374)for(cid:373)atio(cid:374) e(cid:272)o(cid:374)o(cid:373)(cid:455)(cid:863): (cid:374)o(cid:374)-market collaborative production (yonchai. Benkler, 2006: old media: large investment, speaks to relatively smaller number of people. Internet: new possibilities of participation, reducing the costs, reaching wider audience: decentralized individual and cooperative action, organized on open and voluntary basis. News as public good: news contributes to a well-functioning society by enabling the public to hold the government accountable, ne(cid:449)s (cid:272)a(cid:374)(cid:374)ot (cid:271)e (cid:862)(cid:272)o(cid:374)su(cid:373)ed(cid:863) (cid:272)o(cid:373)pletel(cid:455), (cid:272)a(cid:374) pass to others for free, espe(cid:272)iall(cid:455) i(cid:374) digital age. Ix: governmental subsidizing, public media, converting to non-profits, philanthropic support of specific kinds of journalism (e. g. propublica. org)

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