A Canadian billionaire has swooped into the New Zealand mediascape and bought a major stake in the country's biggest news publisher.
The article from Crikey discusses the challenges faced by New Zealand's journalism landscape, focusing on the experiences of Jim Grenon, a seasoned journalist. Grenon reflects on the decline of traditional media outlets, the rise of digital platforms, and the impact of these shifts on journalistic integrity and public discourse. He expresses concern over the increasing influence of social media and the spread of misinformation, which he believes undermines the role of professional journalism. Grenon also touches on the economic pressures that have led to downsizing in newsrooms, resulting in less investigative journalism and a potential erosion of democratic processes due to a less informed public. The piece highlights the need for innovative funding models and public support to sustain quality journalism in New Zealand.
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