2023 media review
ERONIE KAMUKAMA
Created on November 14, 2023
We look back at the events that shaped the media industry in 2023 and what players think about 2024
More creations to inspire you
Transcript
When news happens, audiences turn to news outlets for information.
WHAT HAPPENED IN 2023?
media affairs
Click next
media affairs
WHAT HAPPENED IN 2023?
media affairs
WHAT HAPPENED IN 2023?
media affairs
WHAT HAPPENED IN 2023?
media affairs
WHAT HAPPENED IN 2023?
.....and many others
media affairs
WHAT HAPPENED IN 2023?
But, news organizations also have their fair share of events that impact them.
WHAT HAPPENED IN 2023?
media affairs
2023
"This will be a year of heightened concerns about the sustainability of some news media against a backdrop of rampant inflation and a deep squeeze on household spending."Digital News Project 2023"Reuters Institute & Oxford University
Click me
media affairs
WHAT HAPPENED IN 2023?
As 2023 wraps up, we look back at the events that shaped the media landscape
Revenue
Technology
News Coverage
Innovation
media affairs
WHAT HAPPENED IN 2023?
Small and big news organizations expressed less confidence in business prospects compared to 2022, according to the report by the Reuters Institute.
media affairs
WHAT HAPPENED IN 2023?
2023 ends without concrete solutions insight....
media affairs
WHAT HAPPENED IN 2023?
Declining revenue continued to strain news outlets
what happened in 2023?
Título increíble
PUEDES ESCRIBIR UN
Subtítulo aquí
“Our prior projections for traffic, subscriptions and advertising growth for the past two years and into 2024 have been overly optimistic. Patty Stonesifer, Washington Post, former CEO
"We’ve made the difficult decision to eliminate roughly 7% of our staff roles across departments, due to the challenging economic environment impacting our business and industry. Jim Bankoff, Vox Media CEO
Return
media affairs
News publishers to go to court over AI chatbots' copyright infringement
what happened in 2023?
i
Título increíble
PUEDES ESCRIBIR UN
Subtítulo aquí
Chaos at X/ Twitter
The chaos at Twitter/X and the changes at other social media platforms have resulted in much lower engagement with posts, which journalists and news organizations had come to use heavily to extend the reach of their stories.Sharene Azimi, Communications Director Institute for Nonprofit News
Return
Top big stories of 2023...
what happened in 2023?
Título increíble
PUEDES ESCRIBIR UN
Subtítulo aquí
Return
Ukraine-Russia war
Economic Uncertainty
Donald Trump indictment
Israel-Hamas war
Artificial Intelligence
Taylor Swift's music year
Watch....
Watch....
Watch....
Watch....
Watch....
Watch....
"The continued roll-out of ATSC 3.0 (NextGen TV) is a big, ongoing development in the TV industry. More markets have come online including in the biggest market in the U.S. We are also seeing meaningful use of AI by broadcasters in service to the local communities they serve."John Clark Senior Vice President, Emerging TechnologyNational Association of Broadcasters
WHAT HAPPENED IN 2023?
media affairs
The firing of Chris Licht as head of CNN
what happened in 2023?
Título increíble
PUEDES ESCRIBIR UN
Subtítulo aquí
The hiring of Will Lewis as the new CEO of the Washington Post
media affairs
Local news outlets continued to vanish
what happened in 2023?
Título increíble
PUEDES ESCRIBIR UN
Subtítulo aquí
media affairs
Created with FlourishData: Local News Initiative
But funding is on the way
what happened in 2023?
Título increíble
PUEDES ESCRIBIR UN
Subtítulo aquí
media affairs
Shift to online news sites continued to grow
media affairs
WHAT HAPPENED IN 2023?
A 2023 report by Pew Reseach Centre shows 86 percent of US adults got their news online in 2022. In 2023, the trend continued with more people starting to pay for online news in the Press Gazette report.
Source: Press Gazette
media affairs
WHAT HAPPENED IN 2023?
What about audio news/podcasts?
Podcast listenership grew...
media affairs
WHAT HAPPENED IN 2023?
In 2013, 12 percent of Americans who are 12 years and older listened to podcasts according to Pew Research Centre.That figure has grown to 42 percent in May 2023.
I asked some news industry players about what they think the next year looks like....
media affairs
WHAT HAPPENED IN 2023?
All eyes will be on Washington Post and LA Times to see if they succeed
"TV news will continue to decline in viewership, both over the air and on cable, and will struggle to make the transition to an online business model. The legacy print organizations will continue to be winnowed down to those that can charge for subscriptions online and attract some minimum of online advertising, which includes the New York Times, Wall Street Journal, and Financial Times but not many more. Peter Spiegel, US managing editor of the Financial Times
Breaking old models
I think in 2024, we’ll continue to see innovation in how news organizations deliver content as they strive to reach people where they are, breaking the old model of expecting people to pick up a newspaper or visit a website to get most of their news. Sharene Azimi, Communications DirectorInstitute of Non-Profit News
Leveraging new tech will be key
"I think a combination of emerging technologies and monetization strategies will be needed to again set our industry on a path toward growth. Artificial intelligence, for example, holds a lot of potential, but taking measured, tangible steps will be the only way we see success with it. How can we use AI to improve the experience of our audiences? How can we improve the relationship with our customers and increase the value they see from our products? Any accomplishments we have will hinge on how well we answer these types of questions Jake Kreinberg, Director of Revenue StrategyThe Associated Press
More collaboration will happen
"We are already talking to Springfield Daily Citizen, to Kansas City. We are going to expand the five newsrooms in January and February to include others. Academic sponsored coverage of communities will grow because the for-profits have left middle America uncovered and non-profits will grow here. Some have the idea of how to create a revenue model around it and how to get information to people who need. There's a lot of experimentation going on. Randall Smith, Founder, Missouri Business Alert
2024 should be strong for local broadcasters
"For one, it’s an election year, and broadcasters will continue serving their communities in ways only they can as the most trusted source of local news. The TV industry will see the continued transition to ATSC 3.0 broadcast standard (now over 70% of households have access to an ATSC 3.0 signal)." John Clark Senior Vice President, Emerging TechnologyNational Association of Broadcasters
Sources
Unsplash imagesReuters/Shannon StapletonAFP via Getty ImagesMike Coppola/Getty ImagesAndy Rain/EPAScreenshots from CNN, MSNBC, Pro Publica & Politico news sitesAllSidesNew York Times Variety MagazinePew Research CentreNews Media Alliance Courtsey imagesLocal News InitiativeThe Infinite Dial
Video Credit
Eronie Kamukama
A national group of donors under the Press Forward initiative will award more than $500m to revive local journalism around the US
CNN and Washington Post face the same challenge: adapting in the digital age.
Both arguably acted too slowly and are now paying the price. CNN is in an industry (linear television) that's in secular decline, and has not really articulated a credible online strategy that could eventually replace cable revenues. The Post, having proven immensely successful during the Trump years, failed to leverage that success into other lines of business that could help add to the bottom line when Trump inevitably left the scene.Peter Spiegel, US Managing Editor, Financial Times