Week 4: Who will pay for journalism?!

It is a fact that you can't flip open a newspaper or a magazine without being confronted by advertisements after advertisements. Advertisements are obviously the main supporter, backbone and probably one of the main factors apart from its readers which allows journalists to keep their job safe. According to Franklin (2006), journalism is a full-time job paid through a combination of subscription and advertising.

However, with the technology advancing at an alarming rate, and thus, the growing popularity of turning to the internet for news updates rather than picking up a newspaper at a local store, it has definitely placed print journalism in a threatening spot. Let's assume that newspapers fold worldwide and every single person start to rely heavily on the internet for news which subsequently, do not produce enough money to pay people to do journalism - then who will pay for them?

And it is probably exactly because of that (and also the fact that print journalism is a more credible source of news) that the print industry will never cease even when the internet rules the entire world.


References

Franklin B. 2006, Local Journalism and Local Media. Available from: Google Books [Accessed: May 27, 2011]