15 May 2020

How much tech giants could pay for Australian media content: What we're reading

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What the closure of BuzzFeed News means for Australian media and how much a former federal treasurer thinks tech giants should pay media companies. These are some of the stories that caught our attention this week.

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Seven reasons why BuzzFeed’s passing means a sad day for Australian media

Crikey / Christopher Warren

This week, BuzzFeed announced that it would close its Australian and UK news operation as it focuses on "big hit" US stories. In homage to one of BuzzFeed's favourite formats — the listicle — Christopher Warren looks at what Australian audiences will miss.

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Coronavirus is killing quality journalism — here’s one possible lifeline

The Conversation / George Brock

"The coronavirus crash should impel us as never before to look for new models – both editorial and commercial – and to drive innovation and imagination up a gear."

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Tech giants should pay media $600m: Costello

Financial Review / Max Mason and John Kehoe

Nine chairman and former federal treasurer Peter Costello says tech giants, such as Google and Facebook, should pay 10 per cent of the revenue they earn from Australia for the licensing of local media content. They earn an estimated $6 billion a year from online advertising in Australia. So, Mr Costello reckons media companies ought to get $600 million.

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The Pulitzer problem: The journalistic elites celebrate the journalistic elites

The Baffler / Rafia Zakaria

"Credibility and journalistic heroism, as each year’s prizes show, reside in the pages of prestige publications; The New York Times and The Washington Post are mainstays, and since the prizes were first opened up to include magazines in 2015, The New Yorker is as well. No truth is really a truth, particularly a courageous truth, until it appears in their pages. The brown man, the accused terrorist, the actual torture survivor Mohamedou Ould Salahi may have written a great book. But the definitive story about “Guantánamo’s Darkest Secret” is the one penned by [Ben] Taub.

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Real restaurants, virtual dining rooms in Tokyo suburb

NHK

Tokyo's Kichijoji district is lined with bars and restaurants. But, with people self-isolating, it's been a lot quieter recently. One entrepreneur has come up with a novel way to bring diners back together.

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Main image CC licensed by Unsplash via Kon Karampelas.