Sunday, January 15, 2012

Profit or quality?

The ethical standards of journalism have fallen, the best proof was the failure of the British news giant in 2011. News companies can easily lose their readers due to lack of trust among other reasons and they can hardly afford paying enough for well-sourced, fact-checked stories or to conduct indepth investigations. Hence, badly paid reporters are not striving to present excellent work ethics. It seems to be an endless circle.

However, a new trend recently has appeared that might be the actual future of journalism, and a good quality one. Non-profit news agencies are established in developed countries, such as the USA and UK. Foundations and other donors are willing to support these news agencies to provide accurate and reliable reporting services.

As a non-profit news agency, there are no dividends for shareholders and all the income goes to support investigation, salaries of ethically working journalists and other operational costs. Journos working here might not suffer from poor wages and therefore are less tempted to get into corruption or neglect fact checking, source protection etc. Sounds like a paradise, isn’t it?

But how long would it take to the current profit oriented system to transfer into a reliable media pattern where the public is well informed, the journalists follow ethical practices at work and everyone is happy? Comments are welcome!

Source: New Model Journalism

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