The business of journalism affects the future of PR
From the beginning, journalism has been a business. The question is how it will adapt to changes in technology and competition, and how that affects PR.
An annual report from a news outlet says a lot about the business of journalism. For one thing, journalism is a business.
It may also be a nonprofit mission.
One thing journalism is not is an institution with a unique claim to the first amendment and role in democracy. Oh it certainly has “a” role, but it is not unique to journalism. When “freedom of the press” was inscribed into our First Amendment it was a reference not to an institution or an as-yet unformed profession. It was about people who owned and operated a printing press.
In other words, business men.
These people were printers, and they printed leaflets, advertisements and many things, including newspapers. All of the above had been restricted under the British Stamp Act, requiring a literal stamp of approval by the government before anything could be published. This was one of many grievances our founders had against King George.
In our modern era, the “press” includes all forms of means to produce and distribute information. So-called “mainstream” media are part of that. But so are an increasing number of other voices contributing information and perspective to the public sphere.
So, our democracy has become also a cacophony. It is the beautiful mess of freedom. But in this mess traditional journalism has had to adapt, to pivot, just like any other businesses adjusting to technology, market demand and other changes.
My thinking on this was prompted by two publications recently. One was an article in Crain’s Grand Rapids Business about the creative ways journalism is handling its current business crisis. Incidentally, Crains just recently added a paywall, so subscription is required to read this article. Crain’s also has gone from free publication of those personnel and brief company updates to a paid model. Both are signs of the business reality of needing revenue from multiple sources now that the old model of subscriptions and large advertising income alone is not sustainable.
Another item that caught my eye was the Bridge Michigan and Bridge Detroit annual report. It is an interesting read, showcasing their values, coverage areas, awards won, and the annual report requisite numbers about readership and revenue. I found it interesting and well done, as a subscriber and a PR professional. It meets the goal of annual reports of transparency, loyalty building, brand promotion and solicitation.
Both the article and annual report from media outlets I subscribe to are a reminder to me not to take good reporting for granted. They also are evident that journalism is not taking readers for granted. Nor should they. The competitive landscape has changed:
So much of the media marketplace is online, where news is shared not in a branded publication or outlet but a single story at a time, aggregated by third parties like Apple News, Flipboard and others or users’ own forms of curation;
News links have been banned in some countries on social media because publishers need to make the profit, not the social platforms. But this also limits distribution;
Many other businesses are doing brand journalism that extends beyond their product or service lines and simple brings more content into the overall media mix. Examples include Coke's studio and UPS stories.
Traditional media organizations are increasingly seeing competition from independent journalists who start their solo brand on platforms like Substack. Examples include Christopher Rufo, Matt Taibi, and Bari Weiss, all of whom left jobs at prominent media to be journalism entrepreneurs.
Then there is the host of alternative media platforms ranging from the Daily Wire and Blaze Media on the Right to Slate and Huffington Post on the left.
To round out the landscape there is a growing number of think-tanks and other similar institutions that put out daily articles. These include the American Enterprise Institute, The Heritage Foundation’s Daily Signal, the Cato Institute, and the Brookings Institute.
All of this relates to public relations in several ways. Obviously, the media relations aspect of public relations is affected—if people don’t read or believe the media en masse, it has less credibility and reach and is therefore less useful as a public relations channel. Secondly, public relations professionals have increasing outlets to reach, and can also be very successful representing organizations with branded journalism and other channels they can control as part of a growing mix of tactical options.
One of the key questions going forward has to be if journalism in competition will see objectivity as a unique selling proposition or a competitive liability. Will news outlets brand themselves by ideology or neutrality. This will also affect the decisions of which media PR professionals pitch and where media planners buy advertising.
There are examples of both with new online outlets in Michigan. Bridge, which I mentioned earlier, promotes objectivity and bi-partisan reporting in its annual report. Meanwhile, the Michigan Advance sells its “top notch progressive commentary”.
While each journalism outlet will make its own editorial policy and market-driven decisions, there is also an issue of journalism damaging its “institutional brand.’ For example, public relations professionals hate the expression “just PR” which takes a single episode of bad practice and smears the whole profession. I wrote about the notion of “just journalism” previously due to the growing lack of objectivity in reporting, with even some editors speaking of it with disdain as something old-fashioned.
Since writing that I have seen more examples of waning objectivity not just at the national level but in local media. My local paper refused to cover a story about a teacher quitting over mandated critical race theory lessons because the editor’s wife was a teacher and became the managing editor is “against book banning,’ even though that was not the issue in this case. It was news, regardless of editors’ personal opinions. A local TV station refused to cover people who were concerned about the appropriateness of public drag queen performances because they “did not want to give platform to hate.” Again, that is a pre-judgment and subjective value decision, not one of objective journalism to tell the story and represent all views.
I don’t know if the market—i.e. readers, listeners, viewers and in turn advertisers—will restore journalism to a sustainable business with a unique identity as professional purveyors of objective truth. It could be we have enjoyed a period of time in which news media was central to communication and a revered societal institution that will one day be seen as quaint, as different groups settle into their partisan echo chambers to be fed red herrings and propaganda. But, change happened before in the media.
A little less than 80 years ago, in 1947, prominent media formed the Hutchins Commission, chaired by Robert Hutchins, president of the University of Chicago, in an impressive act of professional self regulation. They asserted a need for freedom of the press but also a need for journalists to resist sensationalism and give society what it needs.
And so, once again perhaps journalism may need a business retreat. As a profession, it needs to consider what it offers of unique value to society. It is not enough to assert its “importance to democracy” when readers are tired of its flaws and many others as I mentioned above are doing their own reporting, ranging from objective to perspective.