There’s been a lot of chatter lately about the interaction/exploitation/mismanagement among legacy media and the social media companies. Here are a couple ofl articles/threads that do a good job of dealing with the issues:
Google Made $4.7 Billion From the News Industry in 2018, Study Says:
If you think that Google is making a lot of money off legacy news companies by repackaging legacy news and presenting it verbatim through Google News, you would be correct, according to a new student to be released today by the News Media Alliance. This compares with the estimated total of $5.1 billion brought in on digital advertising by the news industry as a whole. Think about it – This means that Google makes just about as much on online news as the news industry as a whole does.
But maybe the problem isn’t Google & Company… Maybe legacy media companies grossly mismanaged the transition to digital. That’s the argument that journalist David Skok makes in this tweet thread:
As for me, I find this debate interesting; some fascinating issues here.