The digital Holy Grail promised by the tech giants to media was a huge, big, failure, but it is impossible to imagine the news industry thriving again without technology help.
The time to enforce the data industry to obey principles that protect society is past due. The sector and investors should see it gladly and embrace the idea.
These days, the general feeling among the digital media observers in the world is a mix of fear, uncertainty and commiseration. The industry as we know is plainly sinking. Digital journalists are replacing the number of traditional media jobs at a scale of 20 to 1. The wages are plummeting (in America far less than anywhere else). Tech companies are showing signs that they are also set to jump away from the journalism boat after spending their entire existence pledging loyalty to “quality journalism”, whatever this may mean. Following this trend, the once media-darling digital-born operations are letting the mask fall and biting the dust with everyone else. Any schadenfreude is allowed here (although it is difficult to consider a loser someone who leaves richer than before). The technomodernpress was a disease with a staggering price.