
News UK’s chief operating officer has warned that not fixing the “broken relationship” between the news industry and social media platforms will result in edited, verified and independent reporting “ceasing to exist”.
Opening Press Gazette’s Digital Media Summit today, held at News UK’s headquarters in London Bridge, Dinsmore said: “News gatherers are spending nearly all the money digging up the news.
“News is the vital component that makes people really engage with social media. The social media platforms are extracting nearly all the revenue from that news on their plaforms.”
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