Crisis of the economic model Криза економічної моделі (ua)
one of “the crisis of the press” phenomenon.
the result of the decrease in press advertising revenues, due to the competition it first faced from the advent of television, and then later on with the invention of the internet. The shift over to digital media hardly provided compensation: digital publicity is less lucrative than both print and television. Many agencies and news organizations have had to lay off journalists, doll out severance payments and terminate certain news outlets. This precarious situation renders the press even more vulnerable to information manipulation, because there are less people and less time to detect them and because of the premium placed on quantity rather than quality.
Nevertheless, new economic models are constantly cropping up, and are paid for by subscriptions and the diversification of revenue sources (with expansions in event planning, for example).