![]() ![]() ![]() ![]() newspapers saw their combined print and digital advertising revenue fall by 60% in eight years, and newsroom staff fell by 18,300, or 33% (Barthel, 2015). High-cost accountability journalism has suffered mightily since the global economic recession of 2007 caused drastic reductions in print advertising at the same time that audiences and advertisers were migrating to digital media. The economic value and the pricing of accountability journalism are critical today because of the media’s role in democracies as a counterbalance to political and economic power, the so-called Fourth Estate. Accountability journalism, also referred to as “watchdog” or “investigative” journalism, focuses on the demands of the public and will often reveal information that could be embarrassing to an advertiser or, in the case of publicly subsidized media, the political leaders who control media budgets. The public wants to know everything about a product or service offered by an advertiser, but that advertiser may want to share only certain information about the product and about itself. The advertisers and consumers are rivals for information. On the other are advertisers, who want to get their messages to the public. ![]() On one side are consumers, who want to be entertained and informed. The media industry is unusual because it operates in what economists call a two-sided market. Now publishers, government, and the public are, in effect, negotiating in a new digital marketplace to establish a price for this valuable information service and who will pay for it. With the loss of advertising and staff cuts, accountability journalism has suffered. It has been subsidized by advertising or by government, so its value to the audience has never been measured in a pure market environment. This costly journalism has never paid for itself. The declining supply of high-quality accountability journalism, also referred to as investigative or watchdog journalism, can be viewed from an economic perspective as a pricing problem. “Surely the Sovereign LORD does.The Economics of Accountability Journalism: What Price Is Right? The world woke up to the sad news of the death of a well-known ‘man of God’, Prophet TB Joshua who according to his social media platforms passed away moments after a church service.įrom an Instagram post on his page, it is written: “PROPHET TB JOSHUA – JUNE 12th 1963 to JUNE 5th 2021. Daily Sun In Other News: Update: Hundreds of members gather outside Church in disbelief over Prophet TB Joshua’s death – Photos Without a doubt, Caesar Mokwena is a man who the long arm of the law is eager to grab,” they said in a statement. “The audience will discover Caesar’s long forgotten twin brother and witness why blood is always thicker than water. The producers of the show, Pulane Shomang and Bongani Sibeko, promised viewers a riveting story of the rise of an African banking empire that grows to be a dominating presence in global financial markets. I was roped in to help with casting for season one because of my wealth of experience in the industry,” she said. She said it was amazing to be back doing the things she loved despite the setbacks she had with diabetes. Speaking to Daily Sun, seasoned actress Sophie said she’s now a lead actress and an associate producer on the show. It also follows his long-lost twin brother Dante, whose desire is to topple his brother and take back the empire he believes is his, by any means necessary. ![]()
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