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The media is in crisis. In the face of increasingly fierce competition and decline in advertising revenue, the printing industry, radio and television, and even the online news business are trying to transform themselves. Many people are gone. For many other people, the answer is to reduce reporters, join groups, and rely more on universal content. The result: in a world full of information, news agencies provide fewer reports to citizens, fewer reports, and narrower scope of views. If democracy requires informed citizens, this trend will cause trouble.
Julia Cagé explains the economic and historical crisis of media in Europe and the United States. She proposes a bold solution. She said the answer is a new business model: a non-profit media agency located between the foundation and the stock company. Kagie shows how this model enables the media to operate independently of external shareholders, advertisers, and governments, but instead relies on readers, employees, and innovative financing methods including crowdfunding.
Kage's prototype aims to provide new ways of sharing and transmitting power. It was inspired by a central idea that caters to the digital revolution and the challenges of the 21st century reality: News like education is a public good. Rescue of the media will be an important document of debate and its importance is no less than the vitality of democracy.
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Orignal From: Save the Media: Capitalism, Crowdfunding and Democracy
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