Ashwini Vaishnav, Union Minister of Information and Broadcasting
Information and Broadcasting Minister Ashwini Vaishnav expressed concern over the financial strain on digital and traditional media on the occasion of National Press Day on Saturday. The Union Minister said fair compensation to news publishers for their content is one of the biggest challenges facing the media today.
a financial loss is occurring
Vaishnav said that today most news is received through digital media. Therefore, traditional media (radio, television, newspapers, magazines) are suffering economic losses. Vaishnav said traditional media should be fairly compensated for the content created by them.
The matter came before the government.
News publishers (both traditional and digital) have repeatedly raised concerns with the Government of India over the imbalance in bargaining between big tech companies and news publishers.
people who enter digital media
The Union Minister said that as we see, news consumption is rapidly changing from traditional media to digital media. Because of this, traditional media is suffering financial losses due to this change.
you have to pay attention to this
The investment made in forming teams of journalists, training them, creating editorial processes, ways to verify the authenticity of news and taking responsibility for content, are enormous investments in terms of time and money. They are becoming irrelevant. This needs attention.
need for fair compensation
Furthermore, the Minister stated that the effort of traditional media in creating informative content must be adequately compensated. The Union Minister said that the challenge of fair compensation is affecting our media and the news world. This needs to change. It should be noted.
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