Study: Social Media, Mobiles Threaten News Industry

Reuters: A surge in the use of smartphones as the leading device for accessing online news and the growing influence of social media could lead to an uncertain financial future for news organizations worldwide, said a new report from the Reuters Institute for the Study of Journalism. “Most people like news and use news, but they don’t want to pay for it, don’t want to see advertising around it, and don’t want to see it mixed up with sponsored content. This means sustainable business models remain elusive even for those who succeed in building an audience.”