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"contents": "Journalism is crucial in informing society, promoting transparency and protecting democratic institutions. However, the traditional funding models for journalism are under immense strain. They work for only a handful of organisations in a few regions, and the rest suffer at the expense of their audiences and communities – and truth.\r\n\r\nTo crow about the successes of the subscription models and <em>The New York Times</em> is to ignore the state of the whole industry, which has been shredded alongside a decline in public discourse and the state of democracies.\r\n\r\nUser- and bot-generated content makes up the majority of the information space that journalism operates in. These channels remain susceptible to hijacking by those with agendas and seeking to influence outcomes among all the good created and the new knowledge they’ve opened up. The need for professionally and ethically produced journalism has never been greater — even as the number of practitioners dwindles with rising sustainability challenges.\r\n\r\nMaking journalism freely available to big tech and AI companies would benefit society in the long term. However, to make this work, we need to acknowledge journalism as a public good and fund it, in part, like other public goods.\r\n\r\nJournalism is <a href=\"https://medium.com/@styli/news-industry-meltdown-market-failure-or-creative-destruction-6e7fe334f317\">experiencing a market failure</a>, defined as “where there is still value in the product or service produced, but the economics no longer work to sustain its production”.\r\n\r\nThere are only two options for responding to a market failure: philanthropy and policy reform. While philanthropy can play a role, it is not enough to fill the hole, even in the US, the world’s biggest media market and philanthropy sector.\r\n\r\nWe need a comprehensive suite of laws and regulations supporting public interest journalism production. If we have that in place, then whatever is produced will benefit society, human or otherwise.\r\n\r\nThe benefits of this approach would be wide-ranging: more public-interest journalism would be created rather than attention-seeking content. There would be fewer legal disputes with the tech industry, benefiting only a few well-known brands or those with the biggest legal teams and political clout. It would mean fewer paywalls and greater access to quality journalism.\r\n\r\nWe would also have a viable model for sustaining public interest journalism that eludes most publishers today.\r\n<h4><strong>Journalism as a public good</strong></h4>\r\nA public good is a commodity or service provided to all members of a society, either by the government or by a private individual or organisation. Public goods are characterised by their non-excludability and non-rivalrous consumption.\r\n\r\nThis means no one can be excluded from using the good, and one person’s use of it does not reduce its availability to others.\r\n\r\nJournalism fits neatly into this definition. As outlined in a <a href=\"https://medium.com/r/?url=https%3A%2F%2Fwww.comminit.com%2Fglobal%2Fcontent%2Fjournalism-public-good-world-trends-freedom-expression-and-media-development-global-repo\">Unesco report</a>, journalism is essential for the functioning of democracy, fostering informed citizenry and promoting societal wellbeing.\r\n\r\n<p><img loading=\"lazy\" class=\"size-full wp-image-2225629\" src=\"https://www.dailymaverick.co.za/wp-content/uploads/2024/06/Styli-bigTechjournalism-Inset1.png\" alt=\"journalism public good\" width=\"630\" height=\"798\" /> <em>Unesco has published a 60-page report supporting journalism as a public good.</em></p>\r\n\r\nDespite this, 85% of the world has experienced a decline in press freedom, proving that whatever we’ve been doing isn’t working.\r\n\r\nAt the same time, we have seen the rise and celebration of paywalls as a saviour for the industry. While these models work for some publishers in some countries, it means only those who can afford to pay to get quality journalism. Most humans must try to pick out trustworthy information in a sea of misinformation and disinformation.\r\n\r\nEveryone should have access to accurate and timely information. This access should be non-rivalrous because one person’s news consumption does not detract from another’s ability to access it.\r\n\r\nThe United Nations has recognised the right to access information as a fundamental human right, particularly through <a href=\"https://medium.com/r/?url=https%3A%2F%2Fwww.article19.org%2Fresources%2Finternational-standards-right-information%2F\">Article 19</a> of the Universal Declaration of Human Rights (UDHR).\r\n\r\nSome constitutions even include the right to information in their bill of human rights, and the South African constitutional court recognised the role of the press in protecting its young and fragile democracy.\r\n<h4><strong>The current dilemma</strong></h4>\r\nHowever, journalism is often treated more like a private good in the current media landscape. And that is the root of the problem we aren’t addressing when we tell publishers to pull themselves up by their bootstraps or run to courts for isolated legal compensation.\r\n\r\nThe rise of paywalls and subscription models has restricted access to quality journalism, creating further information silos that favour those who can afford to pay. The majority are then informed through social media channels, where publishers must first debate the return on investment for publishing their work there.\r\n\r\nIn times of urgent public importance, like natural disasters and national elections, paywalled operators often acknowledge journalism’s natural form to be freely accessible when they drop their gated access “in the interests of the greater good”.\r\n\r\nIf we follow this alternative path towards funding journalism as the public good it is, we can create a more appealing scenario in which this is permanently possible.\r\n<h4><strong>Fighting with big tech and AI companies</strong></h4>\r\nWith their vast resources, big tech companies can capitalise on the journalistic content publishers produce. AI models have been trained on scraped global journalism sources, among many others, and generative search results are compiled using the work of news publishers.\r\n\r\nNow, big news media is fighting back (or rather, those formerly known as big news media). This dynamic is problematic for several reasons. It creates a power imbalance, where only well-funded publishers or those with strong legal teams and political connections can negotiate favourable terms with tech giants. Smaller publishers from the global south or publishing in languages other than English are left out.\r\n\r\nThe other “far-out” consideration is that these AI models could become the grandfathers of superintelligence—something our human brains can’t fully comprehend or its potential impact.\r\n\r\nDo we want these super intelligent “beings” influenced by stuff scraped from the corners of the internet? Or would we be better off having our journalism mixed in with whatever they are trained with?\r\n\r\nWhether you believe in the concept of “the singularity” or not, the quality of training data in models is paramount, and we can’t deny the rising influence these models have on our lives.\r\n<h4><strong>Public parks, as a metaphor</strong></h4>\r\nSome media critics argue that we publishers have failed to create a product worth paying for and that if we raise our game, we’d all be okay. While we’ve certainly scored many own goals and produced below-par work in the past, the reality is more nuanced than that.\r\n\r\nImagine a park near your home. Hopefully, we can still agree that parks are good for society and should be freely available. We should have no qualms about our taxes being spent on the park’s upkeep, and we’re generally happy we’re still investing in green spaces.\r\n\r\nYou might go through periods of your life when you don’t use the park at all and other times, perhaps with a young child, when you use it every day.\r\n\r\nOverall, the notion of parks benefiting society is agreeable — whether you use them regularly or not. But what would happen if parks weren’t funded at source and neighbourhoods were instead asked to contribute directly to the maintenance of parks?\r\n\r\nWithout hesitation, I would argue that some parks might continue to operate, perhaps even thrive, but most parks would slowly die off due to apathy. Because humans. And that is the same thing happening in journalism.\r\n<h4><strong>What qualifies as public-interest journalism?</strong></h4>\r\nIn its 2021 report on “<a href=\"https://medium.com/r/?url=https%3A%2F%2Fsanef.org.za%2Fsanef-action-plan-for-sustainable-media%2F\">Media Sustainability and Universal Access to Journalism</a>” by the South African National Editors Forum, the organisation settled on a definition for qualifying media as follows:\r\n\r\n“Public interest journalism refers to journalistic activity that is central to the democratic function and the protection and promotion of the South African Constitution, including investigative journalism, reporting on the daily affairs of public institutions, and local journalism focused on the generation of public interest stories in towns and villages and underserved rural areas.”\r\n\r\nIn this model of public finance support, the only qualifying criteria should be whether an organisation publishes public interest journalism and whether that is freely available. Whether it’s incorporated as a for-profit company or non-profit or any variation, it shouldn’t matter. It’s the work that counts.\r\n<h4><strong>A new funding model</strong></h4>\r\nTo address these issues, I propose a new funding model where journalism is treated explicitly as a public good.\r\n\r\nGovernment policies that <a href=\"https://medium.com/@styli/these-are-the-new-laws-that-can-help-save-and-sustain-journalism-d080cf11df33\">provide tax rebates and incentives </a>to news publishers could facilitate this. Every taxpayer would be given a tax credit for non-profit or for-profit public interest publishers. This would encourage market dynamics where excellence is rewarded.\r\n\r\nSure, some bad actors will appeal to parts of society, but on the whole, better public interest practitioners will thrive. We can use the tax system similarly to encourage business advertising with rebates and investors with depreciation allowances.\r\n\r\nAdditionally, investigative journalism outfits could claim a percentage of assets recovered or fines imposed from their work, incentivising more public interest journalism in this space, especially at the local level, where this practice has been all but lost.\r\n\r\n<img loading=\"lazy\" class=\"alignnone size-full wp-image-2225630\" src=\"https://www.dailymaverick.co.za/wp-content/uploads/2024/06/Styli-bigTechjournalism-Table.png\" alt=\"journalism funding modle\" width=\"620\" height=\"385\" />\r\n\r\nA comprehensive suite of laws is required, not just one or two measures.\r\n\r\nUnder this model, big tech and AI companies would have free access to journalistic content, much like how individuals can access public libraries, learn from that knowledge and create new and wonderful things.\r\n\r\nIf nation-states feel the need to tax these big tech companies that extract profits without paying local income tax, that should be considered, too, in light of supporting local tax regimes.\r\n<h4><strong>Critical success factors</strong></h4>\r\nFor this plan to work, we need a few essential components.\r\n<ol>\r\n \t<li>A pioneer state or country that appreciates journalism as a public good and has a high Press Freedom Index rating.</li>\r\n \t<li>An agreed definition of what qualifies as public interest journalism.</li>\r\n \t<li>A “source” body of work that can be shared globally on how to campaign for this with draft legislation tailored by interested regional, state or national lawmakers.</li>\r\n \t<li>Defined measure of success to assess the effectiveness of legislation, eg number of local news publishers, new jobs in journalism, impact tracking: assets recovered, cases of corruption, arrests, etc.</li>\r\n</ol>\r\nThe successes can be documented once the first country adopts these measures, and others will be inspired to follow suit with a plan that can be easily replicated.\r\n<h4><strong>Benefits of the proposed model</strong></h4>\r\nThere are several compelling benefits to this approach:\r\n<ul>\r\n \t<li><strong>Reduced legal conflicts:</strong> By establishing a clear framework for using journalistic content, we can minimise the legal wrangling between publishers and tech companies. This would save time and resources for both parties, potentially fostering a more collaborative relationship.</li>\r\n \t<li><strong>More public interest journalism:</strong> With a reliable funding stream that is not dependent on advertising or subscription models, publishers can focus on creating journalism that serves the public interest. Journalism would be more aligned with its purpose of serving society’s needs.</li>\r\n \t<li><strong>Diverse revenue streams:</strong> Publishers will have another significant revenue stream to add to the mix that incentivises public interest journalism more closely aligned with society’s needs. This will create healthier and more sustainable organisations producing more needs-driven journalism.</li>\r\n \t<li><strong>Healthier tax systems:</strong> While rebates and incentives are short-term investments, the long-term returns to the tax system will be huge in better-functioning societies, with less corruption and more assets recovered by the state.</li>\r\n \t<li><strong>Levelling the playing field:</strong> Smaller publishers and those outside Europe and the US would benefit from the same support as larger ones, allowing for a more diverse media landscape. This would enhance the plurality of voices and perspectives in the public discourse.</li>\r\n \t<li><strong>Innovation in journalism:</strong> With the financial pressure alleviated and rebates for R&D, publishers would be better able to experiment with new formats and technologies, potentially leading to innovative storytelling and engaging audiences.</li>\r\n</ul>\r\nTreating journalism as a public good and making it freely available to everyone, including big tech and AI companies, is a new path that addresses the industry’s current challenges. While searching for sustainable solutions through business models and legal challenges, we forget that policy reform is the most effective response to market failure.\r\n\r\nBy implementing a comprehensive suite of tax rebates, incentives and compensation mechanisms, we can ensure that journalism continues to serve its vital role in society. This model promotes fairness, encourages the creation of public interest journalism and benefits a broader range of publishers.\r\n\r\nBy embracing this new funding model, we can create a more equitable and informed society in which the power of journalism is harnessed for the greater good and we spend less time fighting with big tech and AI companies. <strong>DM</strong>\r\n\r\n<em>Styli Charalambous is CEO of Daily Maverick. </em>",
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"description": "Journalism is crucial in informing society, promoting transparency and protecting democratic institutions. However, the traditional funding models for journalism are under immense strain. They work for only a handful of organisations in a few regions, and the rest suffer at the expense of their audiences and communities – and truth.\r\n\r\nTo crow about the successes of the subscription models and <em>The New York Times</em> is to ignore the state of the whole industry, which has been shredded alongside a decline in public discourse and the state of democracies.\r\n\r\nUser- and bot-generated content makes up the majority of the information space that journalism operates in. These channels remain susceptible to hijacking by those with agendas and seeking to influence outcomes among all the good created and the new knowledge they’ve opened up. The need for professionally and ethically produced journalism has never been greater — even as the number of practitioners dwindles with rising sustainability challenges.\r\n\r\nMaking journalism freely available to big tech and AI companies would benefit society in the long term. However, to make this work, we need to acknowledge journalism as a public good and fund it, in part, like other public goods.\r\n\r\nJournalism is <a href=\"https://medium.com/@styli/news-industry-meltdown-market-failure-or-creative-destruction-6e7fe334f317\">experiencing a market failure</a>, defined as “where there is still value in the product or service produced, but the economics no longer work to sustain its production”.\r\n\r\nThere are only two options for responding to a market failure: philanthropy and policy reform. While philanthropy can play a role, it is not enough to fill the hole, even in the US, the world’s biggest media market and philanthropy sector.\r\n\r\nWe need a comprehensive suite of laws and regulations supporting public interest journalism production. If we have that in place, then whatever is produced will benefit society, human or otherwise.\r\n\r\nThe benefits of this approach would be wide-ranging: more public-interest journalism would be created rather than attention-seeking content. There would be fewer legal disputes with the tech industry, benefiting only a few well-known brands or those with the biggest legal teams and political clout. It would mean fewer paywalls and greater access to quality journalism.\r\n\r\nWe would also have a viable model for sustaining public interest journalism that eludes most publishers today.\r\n<h4><strong>Journalism as a public good</strong></h4>\r\nA public good is a commodity or service provided to all members of a society, either by the government or by a private individual or organisation. Public goods are characterised by their non-excludability and non-rivalrous consumption.\r\n\r\nThis means no one can be excluded from using the good, and one person’s use of it does not reduce its availability to others.\r\n\r\nJournalism fits neatly into this definition. As outlined in a <a href=\"https://medium.com/r/?url=https%3A%2F%2Fwww.comminit.com%2Fglobal%2Fcontent%2Fjournalism-public-good-world-trends-freedom-expression-and-media-development-global-repo\">Unesco report</a>, journalism is essential for the functioning of democracy, fostering informed citizenry and promoting societal wellbeing.\r\n\r\n[caption id=\"attachment_2225629\" align=\"alignnone\" width=\"630\"]<img class=\"size-full wp-image-2225629\" src=\"https://www.dailymaverick.co.za/wp-content/uploads/2024/06/Styli-bigTechjournalism-Inset1.png\" alt=\"journalism public good\" width=\"630\" height=\"798\" /> <em>Unesco has published a 60-page report supporting journalism as a public good.</em>[/caption]\r\n\r\nDespite this, 85% of the world has experienced a decline in press freedom, proving that whatever we’ve been doing isn’t working.\r\n\r\nAt the same time, we have seen the rise and celebration of paywalls as a saviour for the industry. While these models work for some publishers in some countries, it means only those who can afford to pay to get quality journalism. Most humans must try to pick out trustworthy information in a sea of misinformation and disinformation.\r\n\r\nEveryone should have access to accurate and timely information. This access should be non-rivalrous because one person’s news consumption does not detract from another’s ability to access it.\r\n\r\nThe United Nations has recognised the right to access information as a fundamental human right, particularly through <a href=\"https://medium.com/r/?url=https%3A%2F%2Fwww.article19.org%2Fresources%2Finternational-standards-right-information%2F\">Article 19</a> of the Universal Declaration of Human Rights (UDHR).\r\n\r\nSome constitutions even include the right to information in their bill of human rights, and the South African constitutional court recognised the role of the press in protecting its young and fragile democracy.\r\n<h4><strong>The current dilemma</strong></h4>\r\nHowever, journalism is often treated more like a private good in the current media landscape. And that is the root of the problem we aren’t addressing when we tell publishers to pull themselves up by their bootstraps or run to courts for isolated legal compensation.\r\n\r\nThe rise of paywalls and subscription models has restricted access to quality journalism, creating further information silos that favour those who can afford to pay. The majority are then informed through social media channels, where publishers must first debate the return on investment for publishing their work there.\r\n\r\nIn times of urgent public importance, like natural disasters and national elections, paywalled operators often acknowledge journalism’s natural form to be freely accessible when they drop their gated access “in the interests of the greater good”.\r\n\r\nIf we follow this alternative path towards funding journalism as the public good it is, we can create a more appealing scenario in which this is permanently possible.\r\n<h4><strong>Fighting with big tech and AI companies</strong></h4>\r\nWith their vast resources, big tech companies can capitalise on the journalistic content publishers produce. AI models have been trained on scraped global journalism sources, among many others, and generative search results are compiled using the work of news publishers.\r\n\r\nNow, big news media is fighting back (or rather, those formerly known as big news media). This dynamic is problematic for several reasons. It creates a power imbalance, where only well-funded publishers or those with strong legal teams and political connections can negotiate favourable terms with tech giants. Smaller publishers from the global south or publishing in languages other than English are left out.\r\n\r\nThe other “far-out” consideration is that these AI models could become the grandfathers of superintelligence—something our human brains can’t fully comprehend or its potential impact.\r\n\r\nDo we want these super intelligent “beings” influenced by stuff scraped from the corners of the internet? Or would we be better off having our journalism mixed in with whatever they are trained with?\r\n\r\nWhether you believe in the concept of “the singularity” or not, the quality of training data in models is paramount, and we can’t deny the rising influence these models have on our lives.\r\n<h4><strong>Public parks, as a metaphor</strong></h4>\r\nSome media critics argue that we publishers have failed to create a product worth paying for and that if we raise our game, we’d all be okay. While we’ve certainly scored many own goals and produced below-par work in the past, the reality is more nuanced than that.\r\n\r\nImagine a park near your home. Hopefully, we can still agree that parks are good for society and should be freely available. We should have no qualms about our taxes being spent on the park’s upkeep, and we’re generally happy we’re still investing in green spaces.\r\n\r\nYou might go through periods of your life when you don’t use the park at all and other times, perhaps with a young child, when you use it every day.\r\n\r\nOverall, the notion of parks benefiting society is agreeable — whether you use them regularly or not. But what would happen if parks weren’t funded at source and neighbourhoods were instead asked to contribute directly to the maintenance of parks?\r\n\r\nWithout hesitation, I would argue that some parks might continue to operate, perhaps even thrive, but most parks would slowly die off due to apathy. Because humans. And that is the same thing happening in journalism.\r\n<h4><strong>What qualifies as public-interest journalism?</strong></h4>\r\nIn its 2021 report on “<a href=\"https://medium.com/r/?url=https%3A%2F%2Fsanef.org.za%2Fsanef-action-plan-for-sustainable-media%2F\">Media Sustainability and Universal Access to Journalism</a>” by the South African National Editors Forum, the organisation settled on a definition for qualifying media as follows:\r\n\r\n“Public interest journalism refers to journalistic activity that is central to the democratic function and the protection and promotion of the South African Constitution, including investigative journalism, reporting on the daily affairs of public institutions, and local journalism focused on the generation of public interest stories in towns and villages and underserved rural areas.”\r\n\r\nIn this model of public finance support, the only qualifying criteria should be whether an organisation publishes public interest journalism and whether that is freely available. Whether it’s incorporated as a for-profit company or non-profit or any variation, it shouldn’t matter. It’s the work that counts.\r\n<h4><strong>A new funding model</strong></h4>\r\nTo address these issues, I propose a new funding model where journalism is treated explicitly as a public good.\r\n\r\nGovernment policies that <a href=\"https://medium.com/@styli/these-are-the-new-laws-that-can-help-save-and-sustain-journalism-d080cf11df33\">provide tax rebates and incentives </a>to news publishers could facilitate this. Every taxpayer would be given a tax credit for non-profit or for-profit public interest publishers. This would encourage market dynamics where excellence is rewarded.\r\n\r\nSure, some bad actors will appeal to parts of society, but on the whole, better public interest practitioners will thrive. We can use the tax system similarly to encourage business advertising with rebates and investors with depreciation allowances.\r\n\r\nAdditionally, investigative journalism outfits could claim a percentage of assets recovered or fines imposed from their work, incentivising more public interest journalism in this space, especially at the local level, where this practice has been all but lost.\r\n\r\n<img class=\"alignnone size-full wp-image-2225630\" src=\"https://www.dailymaverick.co.za/wp-content/uploads/2024/06/Styli-bigTechjournalism-Table.png\" alt=\"journalism funding modle\" width=\"620\" height=\"385\" />\r\n\r\nA comprehensive suite of laws is required, not just one or two measures.\r\n\r\nUnder this model, big tech and AI companies would have free access to journalistic content, much like how individuals can access public libraries, learn from that knowledge and create new and wonderful things.\r\n\r\nIf nation-states feel the need to tax these big tech companies that extract profits without paying local income tax, that should be considered, too, in light of supporting local tax regimes.\r\n<h4><strong>Critical success factors</strong></h4>\r\nFor this plan to work, we need a few essential components.\r\n<ol>\r\n \t<li>A pioneer state or country that appreciates journalism as a public good and has a high Press Freedom Index rating.</li>\r\n \t<li>An agreed definition of what qualifies as public interest journalism.</li>\r\n \t<li>A “source” body of work that can be shared globally on how to campaign for this with draft legislation tailored by interested regional, state or national lawmakers.</li>\r\n \t<li>Defined measure of success to assess the effectiveness of legislation, eg number of local news publishers, new jobs in journalism, impact tracking: assets recovered, cases of corruption, arrests, etc.</li>\r\n</ol>\r\nThe successes can be documented once the first country adopts these measures, and others will be inspired to follow suit with a plan that can be easily replicated.\r\n<h4><strong>Benefits of the proposed model</strong></h4>\r\nThere are several compelling benefits to this approach:\r\n<ul>\r\n \t<li><strong>Reduced legal conflicts:</strong> By establishing a clear framework for using journalistic content, we can minimise the legal wrangling between publishers and tech companies. This would save time and resources for both parties, potentially fostering a more collaborative relationship.</li>\r\n \t<li><strong>More public interest journalism:</strong> With a reliable funding stream that is not dependent on advertising or subscription models, publishers can focus on creating journalism that serves the public interest. Journalism would be more aligned with its purpose of serving society’s needs.</li>\r\n \t<li><strong>Diverse revenue streams:</strong> Publishers will have another significant revenue stream to add to the mix that incentivises public interest journalism more closely aligned with society’s needs. This will create healthier and more sustainable organisations producing more needs-driven journalism.</li>\r\n \t<li><strong>Healthier tax systems:</strong> While rebates and incentives are short-term investments, the long-term returns to the tax system will be huge in better-functioning societies, with less corruption and more assets recovered by the state.</li>\r\n \t<li><strong>Levelling the playing field:</strong> Smaller publishers and those outside Europe and the US would benefit from the same support as larger ones, allowing for a more diverse media landscape. This would enhance the plurality of voices and perspectives in the public discourse.</li>\r\n \t<li><strong>Innovation in journalism:</strong> With the financial pressure alleviated and rebates for R&D, publishers would be better able to experiment with new formats and technologies, potentially leading to innovative storytelling and engaging audiences.</li>\r\n</ul>\r\nTreating journalism as a public good and making it freely available to everyone, including big tech and AI companies, is a new path that addresses the industry’s current challenges. While searching for sustainable solutions through business models and legal challenges, we forget that policy reform is the most effective response to market failure.\r\n\r\nBy implementing a comprehensive suite of tax rebates, incentives and compensation mechanisms, we can ensure that journalism continues to serve its vital role in society. This model promotes fairness, encourages the creation of public interest journalism and benefits a broader range of publishers.\r\n\r\nBy embracing this new funding model, we can create a more equitable and informed society in which the power of journalism is harnessed for the greater good and we spend less time fighting with big tech and AI companies. <strong>DM</strong>\r\n\r\n<em>Styli Charalambous is CEO of Daily Maverick. </em>",
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"summary": "Journalism is at a pivotal crossroads. One road is fraught with fragmented legal wrangling amid a precipitous decline. The other is a new path forward, rethinking and reshaping the role of journalism as a public good.",
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