Your Daily Ten@10

This is edition 2024/211 of the Ten@10 newsletter.

Welcome to the Ten@10, where I collate and summarise ten news items you generally won't see in the mainstream media.

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Enjoy!

•  📉 The number of journalists in New Zealand has drastically declined from 4,071 in 2006 to around 1,400 estimated in 2024, mostly employed by five major media companies.
• 📰 Recent closures and layoffs across the sector include Newshub, TVNZ's news shows, NZME's community newspapers, and suspensions like North and South magazine.
• 💻 The collapse is driven by loss of advertising revenue to tech giants like Facebook and Google, disrupting traditional media's funding model.
• 🤝 The Fair News Digital Bargaining Bill aimed to address this by forcing tech platforms to pay for linking to media content, but faced opposition and delays.
• 🌐 The shift to digital and social media has led to a decline in public trust in traditional media and challenges in regulatory oversight, exacerbating the industry crisis.