Policy Solutions to Tackle the Media Industry Crisis
Tuesday, 14 May 2024, 13:00
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The Media Industry Crisis
2024 has seen a wave of layoffs and closures affecting media outlets nationwide.
Significant Job Losses
Journalism is facing mass layoffs and closures, with 43,000 jobs lost over two decades.
Policy Proposals
- News organizations to receive tax credits for local journalist hires.
- Establishment of a national trust for local news ownership.
- Encouraging transition from hedge funds to nonprofit ownership.
The Impact of Misinformation
Misinformation feeds extremism with three-quarters of U.S. adults noting its role in polarization.
Future Outlook
The media sector calls for critical policy interventions to secure its role as an informational pillar for democracy.
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