Economics and Business of Journalism Flashcards
Identify the major funding sources that impact journalism, journalists, and publications.
Advertising revenue, government grants, subscription fees, donations, newspapers, broadcasts, crowdfunding, and social media.
Examine the economic impacts of social media on the journalism industry.
POSITIVE: allows journalists to provide real-time updates on global events, creating more venue and profit by having more targeted media.
NEGATIVE: Increase in the spread of misinformation and fake news.
Identify the funding sources that allow for publications and news reporting.
State and local governments, membership models, grants and funds, and advertising.
Identify the education needed for different careers in journalism.
Bachelor’s degree in journalism, communications, or a related field such as English.
Understand the ranking structure and hierarchy of a journalistic environment.
- Managing editor
- Section editors (sports, local,…)
- Writers (ranked according to seniority)
- Copy editors
Identify the major funding sources for journalism.
advertising revenue, government grants, subscription fees, and donations or philanthropy.
Identify the major expenses for journalism.
Online newspaper paywalls, branded content, sponsored podcasts, donations, and freelancers or employees.
Examine the economic impacts of digital and social media on the journalism industry.
Social media harms the industry, contributing to inaccurate and one-sided news accounts by having too much control over what people are able to see. In social media, it is hard to figure out what information is true, and information is false.
Publishers’ median salary.
118,430
Technical writers media salary.
74,650
Authors median salary
67,120
Editors’ median salary.
63,400
