The country's Prime Minister Theresa May has announced the future review of the industry to find ways to sustain the newspaper industry in the UK. In a speech in Manchester on Tuesday, he announced that he will be making an announcement. "It is dangerous for our democracy to stop printing a newspaper after one."
Who will be the leader of this review, it will be decided soon, Theresa May The review committee will look into how to provide sustainable funding for national, regional and local printed newspapers.
The British Prime Minister warned that the issue of 'credible' news distributors has reduced the risk of being influenced by the news that 'people can not be trusted'.
Describing media as a great force to bring goodness, May said that quality journalism helps in formulating and discussing our views with information and analysis.
According to a study conducted by the press gazette in December 2016, the BBC said that the regional and local newspapers in the UK closed the newspaper in the previous 18 months. And since 2005 printed newspapers fell 198. In it, companies like Trinity Mirror and Jonstown Press also had to shut down the printed paper or merge multiple newspapers.
According to the BBC News, recent UK newspapers have reduced the number of printed paper (print surchulation). This is due to the fact that more people are accustomed to reading online news.
'The Independent' completely closed their printed version in 2016. To reduce the losses, the influential daily 'The Guardian' and 'Observer' have reduced the size of their printed paper to 'tabloid' size. Earlier, 'The Times' reduced the paper size.
The 'Daily Express', 'Sunday Express' and 'Daily Star' are being sold by Richard Desmond's company 'Northern and Shell'. Mirror Group is discussing to buy these.
The News Media Association of the country says that to sustain the newspaper, there must be a durable business model to find out. Chairman of the company David Dinsmore said that the subscriber of the news through digital has increased significantly. But it is not coming that digital investment is required to deliver quality news through digital.
Whether the news distributors from the digital media are receiving fair share of advertising, how the online media such as Facebook and Google collect information about the newspaper and how they are utilizing these data will be reviewed by the Review Committee declared in Theresa May. Apart from this, the committee will look for ways to control the quality of low quality and 'click bait' (attracting visitors with astonishing title).
