The business of news: profit, non-profit or subscriber only?

For journalism to evolve, journalists need to sit together and discuss new revenue models.

WrittenBy:NL Team
Date:
Article image

With digital journalism pushing boundaries as well as belittling itself, the importance of funding that holds such operations together assume significance, said speakers at The Media Rumble’s session Making News Viable.

subscription-appeal-image

Support Independent Media

The media must be free and fair, uninfluenced by corporate or state interests. That's why you, the public, need to pay to keep news free.

Contribute

The models available can be subscription-driven, trust-run or be and a non-profit, said Durga Raghunath, Robert Wijnberg, Robin Dharmakumar, Siddharth Varadarajan—all of whom represent each of the models.

Raghunath is the co-founder of Juggernaut Books and FirstPost, Wijnberg is the founder and editor-in-chief of De Correspondent, Dharmakumar is the co-founder and CEO of The Ken, a subscription-based business journalism site and Varadarajan is the founding editor of The Wire.

The panel discussed which model can change the news landscape, consumer behaviour, public’s interest in paying for news, the overall ability of news models to survive independently and more.

While Abhinandan Sekhri, moderator and Newslaundry CEO, said, “News models need to be scalable to have an impact on journalistic landscape.” Dharmakumar of The Ken said, “When you enter the subscription model, the first thing you need to give up as a journalist is the pursuit of scale.” Speakers also discussed the people’s role in making the models work including Varadarajan, who said, “People in India are not willing to pay for news.”

Even as some say speakers stood their ground and argued it is the uniqueness of content that makes subscription-driven models work, others argued that it was more than that. Watch the video here.

Cover Art: Abhishek Mitra 
subscription-appeal-image

Power NL-TNM Election Fund

General elections are around the corner, and Newslaundry and The News Minute have ambitious plans together to focus on the issues that really matter to the voter. From political funding to battleground states, media coverage to 10 years of Modi, choose a project you would like to support and power our journalism.

Ground reportage is central to public interest journalism. Only readers like you can make it possible. Will you?

Support now

You may also like