The rise of so-called “fake news” means it is “vital” that high-quality journalism is supported, the Culture Secretary has said as he launched the latest stage of an inquiry into press sustainability.
Matt Hancock said a “fearless and independent press” is one of the foundation stones of democracy, but has been undermined by “dramatic technological changes”.
New research shows revenues from circulation and print advertising have fallen from £7 billion to just over £3 billion over the last decade as Facebook, Google and other websites have swallowed up an ever greater share of advertising spend.
At the same time, a Government review has highlighted “the role and impact of digital search engines…
They’re going to try and tax that digital side to support that legacy media. You can just taste the thought, can’t you?
All British media in a BBC style financial straightjacket.
Media plurality my arse.