Meta’s lost revenue is a huge hit for public interest journalism, which was already reeling from cutbacks

<https://theconversation.com/metas-lost-revenue-is-a-huge-hit-for-public-interest-journalism-which-was-already-reeling-from-cutbacks-225349>

"Public interest journalism was already under significant stress in Australia.
And now the pressure is ratcheting up even further.

While still experiencing the pandemic’s aftershocks, the industry has
simultaneously been hit with the increasing cost of doing business, rising
costs of living and declining advertising spend. All of this has made it harder
to report the news that matters, educates and informs.

With Meta announcing last week it will not renew its commercial agreements with
news outlets in Australia – worth an estimated A$70 million per year – it’s not
an understatement to say it’s been a bad time for journalism."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics