Digitalisation is shaping the media landscape, challenging it, and in some respects has also disrupted it. It is changing the way journalists work and has brought a host of new competitors into the world of information. Above all, however, it has disrupted the conventional funding models and subsequently dragged down numerous magazines and newspapers, as well as the printing industry that depends on them (see p. 38). But there are still media companies making good money today – even if they no longer invest it in journalism. This brings us to the real question: who should be paying for journalism in the future? And why?
A key component of the democratic order
Why? Journalism is the fourth estate of society. It is the lifeblood of democracy. Journalists provide information during referendums and elections; they uncover and investigate, and build a shared base of information that people use to form their opinions. This system is based on the assumption that people want to live in a democratic society. However, this is now being called into question: following the election in the United States and the developments in many of our neighbouring European countries, it is clear that we can no longer assume there is a consensus on this matter. Right-wing populist movements are challenging our culturally evolved democratic structures. The forces working to strengthen democracy cannot limit themselves to simply highlighting what a functioning democracy needs. As the fourth estate, journalism must explain why democracy is the right system of government for our society. This is a challenge, and can only work as long as there is media diversity. Digitalisation, social media and AI present new opportunities to create a solid foundation for basic journalistic coverage. They offer cost-effective options, especially for regional and local reporting. They provide an alternative to the uniform supply of information offered in a media landscape characterised by media concentration. This calls for innovative, committed media companies such as We.Publish and Polaris. However, these models also cost money.
The cost of quality
Those who want media diversity and independent journalism must be prepared to pay for it. This includes publishers that make a profit from platforms, as well as consumers themselves. The extent to which the state should contribute is currently the subject of political debate. If we assume that there is a functioning democracy with its fourth estate, it is the responsibility of the state. This is the prevalent view of certain cantons. Companies, SMEs and NPOs need to ask themselves where and how they want to contribute. After all, they are all dependent on insightful, reliable journalism.
There are also areas where the philanthropic sector can get involved. If an organisation is committed to charitable work, it should also take a holistic approach to funding. This does not only apply to projects with the specific aim of strengthening democracy, but also to funding areas such as culture and research. Their social relevance also depends on how they are received. Something hasn’t really happened until it’s been reported in a newspaper. Theatre events, exhibitions or groundbreaking research results only achieve their full impact on society through journalistic reporting. This is where philanthropy comes in.
Foundations are taking on the challenge
Foundations are well aware of this responsibility. A few of them are already actively involved in media funding. The Media Forward Fund was launched this year with a substantial funding volume of 9 million Swiss francs, and the initiators want to raise even more funds. This funding alliance aims to support journalism that is geared towards the common good, as well as formats that are already up and running in the growth phase.
Foundations can keep media alive – such as the Aventinus Foundation, which acquired the Le Temps newspaper from Ringier Axel Springer Schweiz in French-speaking Switzerland in 2021. They can also fund individual projects. For example, the Fondation Liliane, Rosalie et Robert Jordi pour le journalisme in Colombier awards scholarships for in-depth investigative research. Other funds also provide targeted support for specific reports, such as JournaFONDS. Last autumn, Gebert Rüf Stiftung and Fondation Leenaards launched the Innovation Fund for Multimedia Journalism. As a focal point of the ‘Scientainment’ programme, this initiative aims to establish multimedia formats more firmly in Swiss journalism. The fund is endowed with 500,000 Swiss francs.
Focus on media literacy
Recognising the value of journalism requires media literacy. As part of its Scientainment programme, Gebert Rüf Stiftung also funds the PUMAS project, which runs day- or week-long media events at schools. These events enable students to improve their media literacy in a world where a multitude of media channels present fake news just as enticingly as facts. Such channels are easy and free to access, which means they pose a challenge to young people’s media literacy. But it’s not enough to merely identify false information as such. We need people to recognise the value of carefully researched facts. Journalism does not work without interested readers, listeners and viewers. At the end of the day, it’s up to the consumers.