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Media Industry CEO’s Express Pessimism for 2024, Cite Rising Costs and Declining Revenue

Media Industry CEO’s Express Pessimism for 2024, Cite Rising Costs and Declining Revenue

  • Less than half of media industry CEOs are optimistic that 2024 will be a good year
  • 12 per cent of the media industry CEOs expressed low confidence
  • Slowing in subscription growth – as well as increasing legal and physical harassment also tops media industry CEO’s worries

Less than half of media industry CEOs are optimistic that 2024 will be a good year for the industry reeling from the changing business models.

An estimated 47 per cent of editors, CEOs, and digital executives say they are confident about the prospects for journalism in the year ahead, with around four in ten (41 per cent) uncertain, and 12 per cent expressed low confidence.

The rising costs of running media organisations, declining advertising revenue, and a slowing in subscription growth – as well as increasing legal and physical harassment, are among the top concerns of media executives.

The report titled Journalism, Media, and …

The post Media Industry CEO’s Express Pessimism for 2024, Cite Rising Costs and Declining Revenue appeared first on The Exchange.

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