A survey of 246 'media
leaders' (senior exec: editorial, commercial, or product) in 52
countries by 'Reuters Institute' reveals that 'subscription' is the
number one priority (79%) for commercial publishers in 2022, followed by
display advertising (73%) and native advertising (59%).
Six of
ten respondents admitted that their revenue has increased over the past
year despite a fall in page views. Publishers also reported a jump in
subscription revenue due to an increase in digital advertisements.
With
subscriptions becoming a popular source of revenue, there is concern
that subscription models may be pushing journalism towards the affluent
and more educated audiences and leaving others behind.
Publishers
were also keen on ramping up efforts on social media platforms like
Instagram (+54 net score), TikTok (+44), and YouTube (+43), as these
were more popular among younger demographics.
Three-quarters
(75%) of editors, CEOs, and digital leaders say they are confident about
their company’s prospects for 2022, though fewer (60%) say the same
about the future of journalism. Concerns relate to the polarisation of
societies, attacks on journalists and the free press, and the financial
sustainability of local publications.
Human Development Index ( HDI ) 2021 measures the average achievement in three basic dimensions of human development—a long and healthy life, knowledge and a decent standard of living. The health dimension is assessed by life expectancy at birth. The education dimension is measured by the mean of years of schooling for adults aged 25 years and more, along with expected years of schooling for children of school entering age. The standard of living dimension is measured by gross national income per capita. The pandemic dealt a serious blow to human development worldwide. In the 2021 index, 90% of countries saw their HDI value drop. Only a third of very high HDI countries saw a decline in 2021 (compared with over 90% in 2020), whereas HDI scores of 60% of low, medium and high HDI countries declined.
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