Thursday, January 22, 2009

Digital and the consequences for news economics

Thanks to Adrian Monck who give a concise preview of A.Currah's Reuters Oxford Institute publication on the likely impact of the digital revolution on the economics of news.

Here are some of the findings and suggestions

1.Targeted tax breaks to provide an incentive to invest in the craft of journalism, including reporting and investigative work.

2.A review of the legislation governing charitable giving, which largely rules out newsgathering, to open up this source of funding for independent professional journalism, bringing the UK in line with countries like the US.

3.A voluntary set of media standards, leading to a digital kitemark, to make transparent the sourcing of news and to enhance the visibility of professional journalism on the web.

4.The release by the government of more data on the operation and performance of publicly funded bodies in accessible electronic formats to support both professional and citizen journalism.

5.More interactivity between parliament and citizens, with digital media used to democratise knowledge and the understanding of political processes.

6.The extension of media literacy teaching in schools to incorporate the unique challenges and opportunities of new media.

UPDATE You can now download a copy of the report here

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