It often takes a crisis for a society to reflect meaningfully on its institutions – their value, purpose, strengths and weaknesses. Do those institutions serve us or do they primarily serve themselves?
The global financial crisis, for instance, exposed how a large swathe of the international banking system had been corrupted by reckless risk-taking and had internalised the view that it could simultaneously privatise its profits and socialise its losses. Continue reading
There are some astute observations in this brief video on the increasingly blurry distinction between “old” and “new” media. I especially like the line from one journalist about it all coming down to trust. Ultimately, trust is the currency of good journalism. And without trust, you really are reduced to being a ‘content producer for an advertising platform’ (to quote former Fairfax CEO Fred Hilmer’s notoriously reductionist definition of a journalist) The video comes from the Aspen festival of ideas and is courtesy of The Atlantic.
Who does the financial media represent? You, the investing public. Right?
Wrong. The financial media tends to serve the interests of the banks, brokers and intermediaries whose job it is to stick you into investments where neither the risks nor extortionate fees are ever explained in plain language. Continue reading
The enemy are inside the gate and they’re wearing PJs. At the ABC, they are shamelessly promoting a seditious left-wing agenda, spreading traitorous leaks and, worst of all, giving free publicity to Twitter. that decadent online lounge of the latte-loving elites.
It must be a huge story because The Australian, Rupert Murdoch’s loss-making broadsheet, has devoted acres of space to it in recent weeks. All the big gun columnists have been rolled out to deliver a patent leather kick up the polyester-clad behinds of the public service broadcasters. Continue reading
In age in which we are flooded with largely depressing books on the death of traditional media and establishment journalism, it’s exciting to read the perspective of someone who has grown up in new media and who celebrates the rise of the audience.
Tim Dunlop, a writer, academic and one of Australia’s pioneer political bloggers, has written a refreshing insiders’ account of the rise of the new media insurgency. Thankfully absent is the now ritual characterisation of bloggers as pyjama-clad single-issue boffins or journalistic wannabes. Continue reading
“Oz polls show nothing can save this miserable govt. Election can not come soon enough.People decided and tuned out months ago.”
— Rupert Murdoch(@rupertmurdoch) May 19, 2013
‘The nation is drowning in debt. The federal government has lost control of public finances. The NBN is a disaster. Business is struggling because union thugs are destroying productivity growth. We are being overwhelmed with illegal boat arrivals. Refugees are living on welfare and bleeding us dry.’ Continue reading
Much of the opposition to the federal government’s tame media reforms stems from a now ritual assumption among journalists and others that “free markets” are synonymous with “free media”. Nothing could be further from the truth.
Following the now infamous photoshopped front pages in the Murdoch tabloids, comparing Communications Minister Stephen Conroy to mass murdering dictators like Stalin, came this screeching meltdown by News Ltd columnist Piers Akerman on the ABC Insiders program.
The hysterical view of Akerman and others, mainly in the News Ltd stable, is that by insisting on a public interest test for media mergers and requiring self-regulating newspapers to live up to their own standards, Conroy is starting the process of “putting back the bricks back into the Berlin Wall”. Continue reading
Breaking news: The news business isn’t dead. But that’s not because the news business was ever alive on its own terms. It’s because news was never a business. In fact, the idea that you can make a living out of news is a dream that many people have yet to wake up from.
Journalists leaving the industry – and there are hordes right now walking the streets like extras in a George Romero movie – talk up the prospect of setting up collectives that “sell” breaking news directly. The truth is, however, the audience isn’t buying. People won’t pay for general news. They never have….directly anyway. Continue reading
For a group where lip-curling cynicism is the mask of choice, journalists sure seem to have gone all hand-on-heart, high-falutin’. It’s impossible to read an editorial these days without being slapped around the face with warnings of the coming police state.
“Freedom” is on the chopping block, we are told, all because a government-commissioned inquiry recommended the establishment of an independent regulator to improve the accountability of media organisations to the public and to ensure they follow the very standards they claim to uphold.