The news industry has faced its fair share of adversity over the past few years, but now it seems there’s a light at the end of the proverbial tunnel thanks to new trends in media and shifting demographics.
This Wall Street Journal article points to seven reasons why we should be optimistic about the future of news reporting, even against the backdrop of a third of all newsroom jobs being cut since 2003 and revenues being halved since 2005.
While traditional newsrooms may be downsizing, there’s been an upswing of hiring in the digital world. The popular site BuzzFeed added 170 journalists to staff, including some high-profile Pulitzer winners. Jeff Bezos purchasing the
Washington Post shows smart money moving in and investing in journalism, a trend that seems to be catching on. And right here in Miami, the Herald‘s new publisher has vowed to put even more emphasis on digital content.
Social media is breathing new life into the news as well; 64% of American adults are now on Facebook, and while they’re not logging in with the intention of consuming hard news, about half end up doing just that. More surprisingly, young adults on social media are consuming news in record numbers.
So, it’s not all bad news for the news. You can read the full report here at the Wall Street Journal.