Media Files: Media companies are mad as hell at tech giants and don't want to take it anymore. But what choice do they have?

Monday, Nov 11, 2019, 02:17 AM | Source: The Conversation

By Andrew Dodd

Media Files: Media companies are mad as hell at tech giants and don't want to take it anymore. But what choice do they have?

Big Tech companies have built a better trap for profiting from consumers' attention than the traditional media can offer. Shutterstock
Matthew Ricketson, Deakin University and Andrew Dodd, University of Melbourne

Media companies around the world are in an existential funk. The tech giants - Facebook, Google, Apple and Amazon - have built a better mousetrap for profiting from consumers' attention than the traditional media can offer. To add insult to injury, they use the media companies' journalism as bait but don't want to pay for it.

Big Tech firms also don't see themselves as publishers and operate untroubled by demands for responsibility that come with being one.

No wonder that, according to a new international survey, media companies are increasingly unhappy with their lot.

In this episode of Media Files, Matthew Ricketson and Andrew Dodd talk with the survey's author, Robert Whitehead.

Whitehead, a former editor-in-chief of The Sydney Morning Herald in the days when the masthead still made millions for what was then called Fairfax Media, shares his thoughts on what media companies could do and whether their calls for regulatory change will succeed.


Additional credits

Recording and production: Gavin Nebauer and Andy Hazel.

Theme music: Susie Wilkins.

Image

ShutterstockThe Conversation

Matthew Ricketson, Professor of Communication, Deakin University and Andrew Dodd, Director of the Centre for Advancing Journalism, University of Melbourne

This article is republished from The Conversation under a Creative Commons license. Read the original article.