this post was submitted on 08 Mar 2024
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Facebook ate and then ignored the news industry. It's hard, but we should leave it be (www.abc.net.au)
submitted 1 year ago by Nath@aussie.zone to c/australia@aussie.zone
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Try and get past the fact that this is sort-of about Facebook. Because it's more about the demise of news than it is about Facebook, specifically.

news organisations were never in the news business, Amanda Lotz, a professor of media studies at QUT, said.

"They were in the attention-attraction business.

"In another era, if you were an advertiser, a newspaper was a great place to be.

"But now there are just much better places to be."

The moment news moved online, and was "unbundled" from classifieds, sports results, movie listings, weather reports, celebrity gossip, and all the other reasons people bought newspapers or watched evening TV bulletins, the news business model was dead.

News by itself was never profitable, Professor Bruns said.

"Then advertising moved somewhere else.

"This was always going to happen via Facebook or other platforms."

It's a really fascinating read. We can all agree that independent journalism is valuable in our society, but ultimately, most of us don't so much seek news out as much as we encounter news as we go about our day.

I'm sure the TL;DR bot is about to entirely miss the nuance of the article. I recommend reading the whole thing.

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[–] Zagorath@aussie.zone -1 points 1 year ago

Facebook et al. established and grew their ad businesses by relaying journalists’ work

Omg I am getting sick of hearing this lie. No, Facebook does not use journalists' work. The send the newspapers readers. They are adding value to the news orgs by giving them customers. It's ridiculous to double dip by expecting Facebook to also pay for sending them traffic.