Impact of Social Media on News Organizations

SOURCE view.newsletters.cnn.com
Social media companies are attracting advertising dollars away from legacy media companies, causing many news organizations to struggle and collapse. The shift has been detrimental to the news industry, with tech platforms facing less scrutiny for harmful content. Major news organizations are experiencing layoffs and closures while tech giants prioritize profits over the public good.

Key Points

  • Social media companies are attracting advertising dollars away from news organizations
  • News organizations are facing layoffs and closures due to revenue loss
  • Tech platforms have been criticized for allowing harmful content to exist on their platforms

Pros

  • Social media platforms offer effective targeting for advertisers
  • Tech platforms have larger and younger audiences compared to legacy news organizations

Cons

  • Legacy news organizations are struggling to survive
  • Tech platforms face less scrutiny for harmful content on their platforms