Crisis of the Commercial Media
DOI link for Crisis of the Commercial Media
Crisis of the Commercial Media book
This book describes media transformations and media crises in different European countries. Common crisis indicators are the slump in advertising revenues, falling turnover and profits in publishing, lower audience reach for core media companies, lower numbers of fully employed professional journalists, precarious labour conditions for many other journalists, and increasing consumer time and attention for social media and online content at the expense of legacy media. Denis McQuail calls for media policy that accommodates structural media changes that sustain democratic norms and values. The book analyses media policy actions and reactions to these structural changes and crises. First, it applies the debate on post-democracy and post-journalism to media policy. Second, it describes and analyses contemporary media policy from a political economy perspective. Third, it presents findings from a recent comparative study on media policy and applies these findings to the highly controversial debate about the legitimacy of press subsidies in democratic political systems.