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Journalism as a public good: A Scandinavian perspective
University of Oslo, Norway.
Stockholm University, Faculty of Humanities, Department of Media Studies, JMK.
2017 (English)In: Journalism - Theory, Practice & Criticism, ISSN 1464-8849, E-ISSN 1741-3001Article in journal (Refereed) Epub ahead of print
Abstract [en]

The democratic importance of journalism is related to public good aspects of media products, as well as news media’s positive externalities. Journalism of high quality helps ensure we are all better informed and thus benefits democracy. Lack of investigative journalism may incur large social costs. However, journalism as a public good is difficult to fund on a commercial basis. Historically, an economic solution for media companies has been advertising subsidies, plus different types of public and private support. Today, the long-time marriage between news organisations and advertisers is severely weakened, and nothing so far suggests that digital revenues alone can finance a varied, broad and original news production. In the eyes of capitalist investors, news organisations represent the past, not the future. This article discusses, on the basis of Scandinavian media experiences and recent policy reforms, the necessity of a media policy and a funding system that acknowledges quality journalism as societal knowledge production and a public good.

Place, publisher, year, edition, pages
2017.
Keywords [en]
Advertising, externalities, journalism, market failure, media policy, public good, Scandinavia
National Category
Media and Communications
Research subject
Journalism
Identifiers
URN: urn:nbn:se:su:diva-156982DOI: 10.1177/1464884917730945OAI: oai:DiVA.org:su-156982DiVA, id: diva2:1214039
Available from: 2018-06-05 Created: 2018-06-05 Last updated: 2018-06-25

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