{"id":5595,"date":"2023-03-24T21:43:34","date_gmt":"2023-03-24T19:43:34","guid":{"rendered":"https:\/\/trends.tuio.ro\/trends\/reporting-uncertainty\/"},"modified":"2023-03-24T21:43:34","modified_gmt":"2023-03-24T19:43:34","slug":"reporting-uncertainty","status":"publish","type":"trends-cpt","link":"https:\/\/trends.tuio.ro\/edition\/2024\/trends\/reporting-uncertainty\/","title":{"rendered":"Reporting Uncertainty"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>Reporting Uncertainty. The journalism industry is facing a difficult year ahead in terms of business prospects due to inflation, uncertainty, and a squeeze on consumer spending. 44% of editors, CEOs, and digital leaders are confident about their business prospects, while 37% are uncertain and 19% express low confidence. Print-based publishers are especially vulnerable, with a decline in print subscriptions and rising costs of paper, leading to cost-cutting measures and potential government intervention. Broadcasters are also facing declining audiences and increasing disruption, with a shift towards digital projects.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"template":"","trend-keywords":[5745,5654,5774,5786,5623,5773,5674,5629,5679,5814],"trend-themes":[],"trend-categories":[5743,5625,5775],"class_list":["post-5595","trends-cpt","type-trends-cpt","status-publish","hentry","trend-keywords-advertising","trend-keywords-digital-media","trend-keywords-fake-news","trend-keywords-inflation","trend-keywords-influencers","trend-keywords-news","trend-keywords-optimism","trend-keywords-social-issues","trend-keywords-social-media","trend-keywords-uncertainty","trend-categories-business-e-commerce","trend-categories-trends-global-challenges","trend-categories-trends-in-media-information"],"acf":{"report":"Reuters - Journalism, Media, and Technology Trends & Predictions 2023.","long_trend_summary":"Inflation, Uncertainty, and Squeeze on Spending Clouds Prospects for Journalism. This time last year few predicted Vladimir Putin\u2019s invasion of Ukraine, an event that has triggered an energy crisis and spiraling inflation across many countries. All this has reminded us of the value of on-the-ground reporting, and expert analysis at times of uncertainty, but it has also made the funding of such journalism more precarious. Advertisers are pulling back at the same time as households reduce spending and publishers face rising costs on multiple fronts. Those that still rely heavily on print have been particularly badly affected, with the cost of paper doubling in some cases. Towards the end of 2022, this perfect storm led to a number of layoffs, spending freezes, and other cost-cutting measures. In our survey, less than half (44%) of our sample of editors, CEOs, and digital leaders say they are confident about their business prospects in the year ahead, with almost as many (37%) uncertain and around a fifth (19%) expressing low confidence. Less than half of publishers are confident about the year ahead. To what extent are you confident about your company\u2019s business prospects in the year ahead. N=303. In the United States, Gannett plans to cut its news division by a further 6%, losing around 200 staff. The Washington Post is discontinuing its 60-year-old print magazine, CNN is laying off hundreds of people, and NPR is preparing to make significant cuts as a result of a financial black hole. It\u2019s a similar picture in many countries around the world. Our industry survey captures mixed confidence. 19% say they are not confident, many more are distinctly uneasy. Even those who say they are confident have worries about the year ahead. Bleak commercial outlet for the year ahead. Perfect storm: Inflation, uncertainty, squeeze on consumer spending. Digital-born companies are not immune. BuzzFeed is losing another 180 employees, while Morning Brew is axing 14% of its workforce. Falling traffic from big social platforms like Facebook (Meta) and Twitter, which are both heading in new directions, has compounded the problem, especially for companies that have become dependent on social distribution. Spending by advertisers is unpredictable. Distributed revenue is down. Traditional social media players, which had started to restrain their unpredictability, have imploded \u2013 Meta most impactfully, Twitter most spectacularly. The foggy picture makes it difficult to plan. And the echoes of the pandemic \u2013 which still isn\u2019t over \u2013 have frayed nerves. Elsewhere many European publishers have seen a worrying decline in print-based subscriptions partly linked to breakdown in distribution networks and higher levels of churn overall. \u2018[We see] a post Corona-slump, inflation, and troubles with print distribution, so there is less confidence than a year ago,\u2019 says Philippe Remarque, Publisher and Director of Journalism at DPG in the Netherlands. It\u2019s a similar story in France according to a CEO of one leading publisher: \u2018News magazines are losing print and digital subscribers while the price of paper is rising\u2019. Outside Europe, publishers large and small face similar pressures. \u2018Reader revenue continues to grow although at a slower pace\u2019, says Styli Charalambous, CEO of the Daily Maverick in South Africa. \u2018Advertising and commercial sponsorships are expected to be tougher to grow, if at all,\u2019 he says. Any publication that still has a heavy dependence on print circulation or advertising revenue is likely to run into severe difficulties this year. Regional and local newspapers are especially vulnerable, potentially leading to more government intervention in some countries to support the sector. Broadcasters also face increasing disruption with rapidly declining audiences \u2013 across all age groups \u2013 for linear news bulletins and opinion programming. It doesn\u2019t help that most commercial TV and radio providers remain overly dependent on advertising or carriage fees and generate little direct revenue from viewers or listeners. Netflix\u2019s decision to take advertisements will add further pressure while public broadcasters face funding cuts amid intensifying attacks by politicians and rival publishers. What will happen this year? Haircut for print titles Expect more newspapers to slim down editions, stop seven day a week publication, and even close print editions altogether. Regional and local titles seem most vulnerable (Newsquest in the UK has recently converted five regional titles) along with a host of magazine titles that have already moved to an online-only model. With fewer copies being sold, distribution networks are also weakening and expect some to follow the example of US publishers in leveraging the public mail1 or even starting their own delivery businesses. Green consumerism could add further pressure to move away from print. Broadcasters experiment with more digital projects The collapse of CNN+ last year suggested there is little future for stand-alone linear news subscriptions, but expect to see increased attempts to bundle on-demand and live news into streaming services. CNN is integrating \u2018originals\u2019 content with the Discovery+ offering and ITVX is putting updating news at the heart of its rebranded streaming service. Meanwhile public broadcasters, such as the BBC, have started to hint that they may need to turn off TV and radio transmissions over the next decade as consumers migrate to apps and websites.","report_button_title":"Click to access the source report","report_button_url":"https:\/\/reutersinstitute.politics.ox.ac.uk\/journalism-media-and-technology-trends-and-predictions-2023"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/trends.tuio.ro\/edition\/2024\/wp-json\/wp\/v2\/trends-cpt\/5595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trends.tuio.ro\/edition\/2024\/wp-json\/wp\/v2\/trends-cpt"}],"about":[{"href":"https:\/\/trends.tuio.ro\/edition\/2024\/wp-json\/wp\/v2\/types\/trends-cpt"}],"author":[{"embeddable":true,"href":"https:\/\/trends.tuio.ro\/edition\/2024\/wp-json\/wp\/v2\/users\/1"}],"wp:attachment":[{"href":"https:\/\/trends.tuio.ro\/edition\/2024\/wp-json\/wp\/v2\/media?parent=5595"}],"wp:term":[{"taxonomy":"trend-keywords","embeddable":true,"href":"https:\/\/trends.tuio.ro\/edition\/2024\/wp-json\/wp\/v2\/trend-keywords?post=5595"},{"taxonomy":"trend-themes","embeddable":true,"href":"https:\/\/trends.tuio.ro\/edition\/2024\/wp-json\/wp\/v2\/trend-themes?post=5595"},{"taxonomy":"trend-categories","embeddable":true,"href":"https:\/\/trends.tuio.ro\/edition\/2024\/wp-json\/wp\/v2\/trend-categories?post=5595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}