Moaning can be a strategy, and the media has been using quite a bit of it in recent years. When the pandemic struck in the spring of 2020, it even felt like there was a competition for the bleakest headline. Who in the industry doesn’t remember Buzzfeed’s reporter Craig Silverman concluding that the coronavirus was a “media extinction event“. Last year though things went surprisingly quiet in the horror scenario department. And now the latest trend report by Oxford-based Reuters Institute is predicting something like a bull market for the industry: The subscription business is flourishing and even the digital advertising market, which had long been declared dead, has made a strong comeback. 59 percent of the surveyed 246 media executives from 52 countries reported rising revenues, and three out of four respondents expected an even better business in 2022. Hooray, we are playing again!
It should be noted that the annual survey is not representative. Mostly those respond who are already committed and possibly proud of their successes. Nevertheless, the situation is apparently better than the mood. Instead of a “media extinction event”, the pandemic has become a “media empowerment event.”
Fuelled by increased user interest and trust levels, editorial and management teams at many publishers have finally taken their fate into their own hands. They are developing new formats and workflows geared to user needs, fine-tuning subscription models, and even taking care of their customers. The crisis has accelerated innovation, dozens of media executives had already gone on record for the EBU News Report, published in late November 2021 (transparency note: I am lead author of the report).
This is about time. For decades, journalists have left the money-making part of the business to the publishers. These, in turn, had often just administrated advertisers and subscribers rather than selling advertising formats and journalism. But suddenly, advertising revenues dwindled, whereas on the content side, the quality supply multiplied. Journalism had become a consumer good, to be developed and sold accordingly. Only the producers had noticed it rather late. These days things are different. In many media outlets, teams of journalists, marketing, and tech have started to work together on products for different audiences. And what’s at least as important is that publishers look at how their neighbours are doing it, support each other, and – the master discipline – even develop solutions jointly. For 2022 and beyond, the smart ones are collaborating, cooperating and/or training together. This is happening on an international and national level. There are several examples:
► In the project “A European Perspective“, led by the European Broadcasting Union, public broadcasters share important content and make it accessible in different languages with the help of automated translation.
► In the Table Stakes Europe program, managed by the World Media Association Wan-Ifra, European publishers train their editorial teams in the “audiences first” principle and support each other; they recently started their third year (transparency note: I work as a coach in the program).
► In the award-winning Drive project, led by Deutsche Presse-Agentur, more than a dozen German regional publishers pool their user data and jointly analyse the findings.
And the number of international training programs, in which seasoned journalists and media managers look into each other’s decks and learn new skills, continues to grow. When it comes to innovation, scarce resources render it not only impossible but also stupid to be a lone warrior. This is especially true for public service media, where waste is hard to justify in front of the license fee or taxpayers.
Of course, there are also those who want to – and possibly can – go it alone. In the first week of January, The New York Times announced its acquisition of sports journalism platform The Athletic. It did so for $550 million, giving it access to subscribers across America and beyond. The industry has been debating ever since whether this is a new killer virus for local journalism or not all that bad, as Joshua Benton of Harvard’s Nieman Lab reflected.
And then there’s Axios, another U.S. digital journalism provider, which plans to redefine local journalism in a land of news deserts. It launched Axios Local and is expanding into audience-centric business journalism with Axios Pro. In addition, there are plenty of creators on both sides of the Atlantic who are making their debut as founders, either alone or in teams. Young journalists seem to have overcome their shyness when it comes to business models. Just a year ago, Project Oasis, a major study on media start-ups in the U.S. and Canada, analysed that many founders’ lack of business knowledge was the biggest hurdle to becoming successful media entrepreneurs.
So, are the many appeals to support journalism superfluous because the industry can manage without help? It’s not quite that simple. Pressure on press freedom is growing in many countries, and journalists are increasingly exposed to aggressive attacks. In addition, many customers could develop a kind of subscription fatigue and thus bring the positive development to a standstill. In the “Trends and Predictions” report of the Reuters Institute, significantly more respondents were convinced of their own company success than predicting a great future for journalism. This demonstrates a new sense of agency but also a certain humility. The diligent workers outnumber the visionaries. Most respondents said their focus this year would be making what they had already built better, more efficient and more user-friendly. Making growth sustainable, this should be a central goal – in 2022 and beyond.
The British public can’t get enough news about Brexit – at least, that’s what news platforms’ data analytics say. But, according to the Reuters Institute’s latest Digital News Report, 71% of the British public tries to avoid media coverage of the United Kingdom’s impending departure from the European Union. This disparity, which can be seen in a wide range of areas, raises serious questions about news organizations’ increasingly data-driven approach to reporting.
The rise of data analytics has made journalists and their editors confident that they know what people want. And for good reason: with a large share of news consumed on the Internet, media platforms know exactly which stories readers open, how much they read before getting bored, what they share with their friends, and the type of content that entices them to sign up for a subscription.
Such data indicate, for example, that audiences are interested in extraordinary investigative journalism, diet and personal-finance advice, and essays about relationships and family. They prefer stories with a personal angle – say, detailing an affected individual’s fate – rather than reports on ongoing conflicts in the Middle East or city hall coverage. And they are drawn to sensational stories – such as about US President Donald Trump’s scandals and antics – under “clickbait” headlines.
But if newsrooms were really giving audiences what they wanted, it seems unlikely that almost one-third (32%) of respondents in the Digital News Report, the world’s largest ongoing survey of online news consumption, would report that they regularly avoid news altogether. But they did, and that figure is up three percentage points from two years ago.
The most common explanation for avoiding the news media, given by 58% of those who do, is that following it has a negative effect on their mood. Many respondents also cited a sense of powerlessness.
Moreover, only 16% of participants approve of the tone used in news coverage, while 39% disapprove. Young people, in particular, seem fed up with the negativity bias that has long been regarded as a sure-fire way to attract audiences. For many, that bias feels disempowering. Conversations indicate that the problem is compounded for young parents, who want to believe that the world will be good to their children. Younger generations also feel consuming news should be more entertaining and less of a chore.
One reason for the disconnect between the data and people’s self-reported relationship with the news media may be the “guilty pleasure” effect: people have an appetite for voyeurism, but would prefer not to admit it, sometimes even to themselves. So, even as they click on articles about grisly crimes or celebrity divorces, they may say that they want more “quality news.”
When newsrooms indulge readers’ worst impulses, the consequences are far-reaching. Media are integral to support accountability by anyone wielding power or influence, and to mobilize civic engagement. Democracies, in particular, depend on voters being well informed about pressing issues. News organizations thus have a responsibility to report on serious topics, from political corruption to climate change, even if they are unpleasant.
That does not mean that readers’ complaints about media’s negativity bias should be disregarded. On the contrary, if people are to be motivated to confront challenges that are shaping their lives, they should not be made to feel powerless.
This is where so-called solutions journalism comes in. By balancing information about what needs changing with true stories about positive change, news organizations can fulfill their responsibility both to inform and to spur progress. This means occasionally recognizing that over the long term, living standards have improved globally.
Reconnecting with audiences will also require media organizations to broaden their perspectives. In much of the West, it is largely white, male, middle-class journalists who decide what to cover and how. This limits news media’s ability to represent diverse societies fairly and accurately.
In fact, only 29% of Digital News Report respondents agreed that the topics the news media choose “feel relevant” to them. A joint study by the Reuters Institute and the Johannes Gutenberg University in Mainz, Germany, indicates that the key to increasing this share is to increase diversity in newsrooms.
At the same time, news media need to do a better job of contextualizing and otherwise explaining the news. While 62% of Digital News Report respondents feel that media keep them apprised of events, only half believe news outlets are doing enough to help them understand what is happening. At a time when nearly one-third of people think that there is simply too much news being reported, the solution seems clear: do less, better.
This means listening to readers, not just studying the data analytics. It means balancing good news with bad news, and offering clarifying information when needed. It also means representing diverse perspectives. Media organizations that do not make these changes will continue to lose trust and relevance. That is hardly a sound strategy for convincing consumers that their work is worth paying for.