17 May 2017

Émilie Kodjo

The future of journalism is not all doom and gloom. Here’s why

The Reuters Institute for the Study of Journalism will be unveiling its 2017 Digital News: Essential Data on the Future of News report at the GEN Summit in Vienna, on 22 June. We talked to Nic Newman, author of the report, to get an early glimpse of what we can expect from it and what is going to shape the media industry in the foreseeable future.

David Levy, Nic Newman and Matt Kelly at the GEN Summit 2016

GEN: What trends are emerging this year and will be more prominent in the upcoming months for news?

Nic Newman: It’s been an extraordinary year for the news industry. Because of this perfect storm of fake news – and how to define them, business models and the growing realisation that platforms are not just platforms. Those three things together condition how we create journalism, how we distribute journalism. They show that we are really at an inflection point as an industry.

One of the things we do in the 2017 Digital News: Essential Data on the Future of News report, which we will be revealing at the GEN Summit, is that we get country reports from every country on the Reuters Institue supply side, giving us insights into what is going on in terms of jobs, journalistic jobs, and in terms of business models. The responses to that show an enormous strain. In Australia, for instance, with Fairfax losing 25 percent of editorial jobs. There are a lot of job cuts in journalism in quite a few countries but we are also seeing on the more positive side real innovation in business models. We are really starting to see a change there.