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Jakarta Post

New business models needed for press to thrive

  • News Desk

    The Jakarta Post

PREMIUM
Jakarta   /   Sat, May 4, 2019   /  07:26 am
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Amid heightened competition, news media companies must find new business models if they want to thrive without neglecting their responsibilities as the press.(Shutterstock/File)

Amid heightened competition, news media companies must find new business models if they want to thrive without neglecting their responsibilities as the press, a Press Council member has said. The idea was conveyed by Press Council member Imam Wahyudi during a panel discussion held to commemorate World Press Freedom Day -- which falls on May 3 -- in Jakarta on Friday. "This is not only a challenge for news media companies themselves, but also for the academics to help find new business models so the press can survive," Imam said. He argued that news media companies had to start cutting operational costs and think of new revenue sources instead of relying solely on subscriptions and advertisements, which have forced them to use headings to garner page views. "For example, media companies can start monetizing their libraries, archives and data as new sources of re...

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