Core Concepts
Big Tech's divestiture from news is not solely to blame for the decline in news consumption; readers are also breaking up with traditional news sources, leading to a significant shift in how news is consumed.
Abstract
Over the past decade, Silicon Valley has shifted away from the messy and low-margin business of news. Big Tech companies like Facebook, Meta, Google, and Twitter have reduced their focus on news content distribution. The decline in news consumption is not only due to tech platforms but also reflects a broader trend of readers moving away from traditional news sources. Trust in media has declined sharply, with younger generations turning to influencers and creators for news. The relationship between social media and online news platforms has evolved significantly over the years, impacting how information is disseminated and consumed. The toxic political engagement fueled by social media algorithms created a divisive environment where sensationalism thrived. As a result, public discourse became increasingly hostile and marginalized audiences were pushed further away from reasonable discussions. The experience of consuming news through social media platforms became overwhelming and negative for many users, leading to a phenomenon known as "doomscrolling." This shift away from algorithmic news curation was perceived positively by users who found relief in less news-focused platforms like Facebook.
Stats
38 percent of American adults are following the news closely in 2022 compared to a high of 52 percent in 2018.
A Pew survey found that U.S. adults who mainly get their political news through social media tend to be less engaged with current events.
In 2014, 75 percent of adults surveyed felt more informed about national news due to the internet and social media.
A Morning Consult survey revealed that people prefer Facebook now that it's less focused on news.
Quotes
"Readers are breaking up with traditional news."
"People Like Facebook More Now That It’s Less Newsy."
"Social media brought out the worst in the news business."