Consumer Groups Want To Tax Facebook To Save Journalism (vice.com)
An anonymous reader quotes a report from Motherboard: How to fund ethical journalism in the Facebook era is the multi-billion dollar question of the hour, and a technology-focused consumer group by the name of Free Press believes it has a solution. The group has unveiled a new proposal that suggests taxing all online targeted advertising, then using that money to fund the nation's struggling news empires, big and small. The program would apply a 2 percent tax on companies generating more than $200 million in annual targeted-ad revenues, then use that money to create a "Public Interest Media Endowment." The $2 billion collected annually would then be managed by the government itself, or an outside, existing institution such as the Corporation for Public Broadcasting. Such a tax would most obviously apply to both social media giants, but also the giant telecom monopolies increasingly trying to elbow their way into the online ad space. This endowment, in turn, would help fund local journalism, investigative reporting, media literacy, noncommercial social networks, civic-technology projects, and "news and information for underserved communities," suggests the group. "The problem for journalism is that Facebook and Google control nearly 70 percent of this marketplace," Free Press Director Tim Karr told Motherboard via email. "And neither are news organizations. In fact, only one of the top ten digital advertisers in the U.S. (Verizon Media Group/Oath) is in the news business (HuffPost, Techcrunch), and then only partially so."
It has a good reputation but with local people reporting on the ground, there's no need.
Just go do something productive instead.
Even if it was useful, most journalism is political activism.
Like the attacks on Convington students showed.
I could name many more examples, this good reputation is undeserved.
Walter Duranty covered up the Holodemor and got a pullitzer prize for it.
So it was never deserved, only now the people can refute these elites.
Thank you, Bradley Manning, Edward Snowden and so many others, for courageously defending humanity, my freedom and more!
If people like journalism a lot they will pay for it.
Start doing journalism that sells and that people will support.
Why should a new tax have to look after any normal "job"?
Domestic spying is now "Benign Information Gathering"
all the job sites, ebay and craigslist functions were originally controlled by the newspapers. if you wanted a job in NYC, you bought the Sunday NY Times. if you wanted to hire someone, you advertised in a newspaper.
They acted snobby when the internet came and watched their revenues vaporize
No. Public subsidies for journalism are wrong on so many levels. As wrong as public financing of political campaigns, though those are very popular.
deleting the extra space after periods so i can stay relevant, yeah.
... I see : Opinion, Opinion, Opinion, Perspective, Why X is Y, Opinion, Opinion, Perspective...
I think I found the issue with "Journalism".
"Not to mention all the idiots who use words like boxen."
Anonymous Coward on Monday August 04, @06:49PM
If you want to have ethical journalism, how about not starting out by taking other people's money away to fund your own pet project? And how about reporting facts instead of speculation as news? How many times have we seen during the entire Mueller Russia hoax sensational headlines and "bombshell" statements from anonymous sources, with most stories ending with "So far no evidence of Russia collusion has been found." Apparently being ethical to these guys means writing all the agitprop that's unfit to print.
Taking guns away from the 99% gives the 1% 100% of the power.
Journalistic standards have become nothing more than an idealistic concept. Take the Covington kid was tried and convicted in the media for what was effectively face crime. Even a basic check of the facts would have quickly shown that the kid was innocent of the accusations laid against him. Unfortunately it took a $250 million dollar lawsuit against the Washington Post to get them to correct their previous coverage.
https://www.washingtonpost.com...
Their journalists finally remembered their 'standards' and wrote up a much more accurate story. Too bad it took a $250 million defamation lawsuit in order for it to happen.
https://www.washingtonpost.com...
Fact of the matter is that journalism is dying because people don't trust journalists.
https://www.cjr.org/the_media_...
If you don't trust someone you don't value them. If you don't value someone you will try to avoid paying for their services.
A free press requires a free market solution. Any market that accepts government handouts is beholden to government interests, ergo any tax that subsidizes the industry is not in the interest of Freedom of the Press.
Online magazines need to think harder about how to monetize their websites. Perhaps they could write up a Terms of Service that explicitly charges for sharing their links? It fits their argument - journalists as content creators are what add actual value to social media sites. Perhaps the social media sites should be following the same rules that newspapers and magazines have been for decades.
MIght as well say, Why have peer review in science. With honest diligent compentent people there's no need.
The whole problem with the cognitive bubble feeding poison from facebook trolls is the lack of journalistic integrity.
Some drink at the fountain of knowledge. Others just gargle.
... I see : Opinion, Opinion, Opinion, Perspective, Why X is Y, Opinion, Opinion, Perspective...
I think I found the issue with "Journalism".
It's saturation. Even with global connectivity, there's really not enough stuff happening that is newsworthy enough to fill content 24/7. The only way to generate that content is to start loading up on opinion pieces or editorials. Used to with newspapers, you had the opinion or editorial pieces in their own section. Now you have opinions mixed in with actual reporting articles, blurring the lines between personal opinion or reported fact. Sure, the opinion pieces always (well, should always) have disclaimers, but no one really reads them, especially because they are usually included in the little author bio at the top of the article.
With websites it's definitely a revenue factor. Gotta keep generating articles to get people refreshing the pages-click on an article, read it, go back to main page- and therefore generating more ad views.
The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
How many people see and buy the lies of a random facebook page?
One of the main reasons I stopped using Facebook was a bunch of my friends constantly posting and sharing crap that was blatantly false, misconstrued, or taken out of context. And it's not just an American problem. In India, for example, multiple people have been killed due to misinformation spread through social media. So, to answer your question: a lot.
The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
It is better propaganda than "special-interest group for corporate welfare for the media."
Slashdot: Playing Favorites Since 1997
We can save independent journalism by making it depend on government funding! Uh, wait...