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Journalism and Business Values

Home > Journalism and Business Values
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Geneva Overholser
Issues pegged to journalism and the resources required to produce and distribute top quality work



Action Steps: Ensuring that Journalism in the Public Interest Survives
In a related article on Poynter Online, Geneva Overholser proposes: "To all who anguish about the prospects for journalism, here is an invitation: Let us turn our energy toward possibility." The following is an excerpt from her report for the Annenberg Public Policy Center.

I. Corporate realities:

Enable corporate managers to focus on longer-term goals:

  • elect board members for longer terms
  • change incentives for investors
  • impose punitive taxes on short-term stock trading
  • provide tax forgiveness on long-term holding

RELATED RESOURCES
"Wake Up, Newsies: Stop Fretting and Start Building," by Geneva Overholser

"On Behalf of Journalism: A Manifesto for Change," [PDF] by Geneva Overholser (Annenberg Public Policy Center)

An interview with Geneva Overholser, by Susan Q. Stranahan (Annenberg)
 
"Can the Newspaper Industry Find Its Way?" by Tim J. McGuire (Poynter Online)
Bring a greater sense of responsibility to corporate governance of media companies:

  • appoint directors with journalism experience
  • assign responsibility to board members to monitor editorial performance
  • tie incentive compensation for corporate officers to journalistic quality
  • discontinue stock options for newsroom staff and outside directors

Enable shareholders to exert pressure for corporate responsibility:

  • bring concept of socially responsible investing to media companies

Conduct research showing links between good journalism and good business:

  • make corporate officers aware of findings

Consider units within media companies dedicated to public-interest journalism:

  • sheltered from normal profit pressures
  • portion of online revenues devoted to this purpose

Establish partnership for quality journalism:

  • supported by funds from media companies
  • supported by foundations, nonprofits

Take public companies private:

  • interest local citizens in these still highly profitable media enterprises
  • get nonprofits involved

II. Not-for-profit media

Establish "Marshall Plan" by foundations and philanthropists:

  • increase support for non-profit media organizations
  • foster new nonprofit media models

III. Journalists’ responsibilities

A. Objectivity

  • replace with process of verification

B. Accountability

  • strengthen through collaboration
  • create networks to enhance effectiveness
  • enhance transparency through use of e-mails, editors' columns, etc.
  • media outlets conduct annual self-audits and make results public

C. Professionalization

  • institutionalize apprenticeships
  • news organizations collaborate to support standards for journalists
  • establish independent council to track, promote, define independent news function in U.S.
  • emulate national board for teacher certification to provide credential
  • work to ensure that journalism graduate degrees achieve cachet of MBA

IV. Speaking out for journalism

  • journalists should assume a responsibility for speaking out on behalf of viable and independent media as individuals and through organizations
  • focus on freedom of information not as media privilege but as public right
  • produce radio/television shows whose segments focus on reporting
  • consider advertising/public-relations campaigns on behalf of journalism
  • journalism educators join forces to speak out for journalism
  • gather leaders of journalism organizations, foundations, universities and other institutions to form a coalition in support of public service journalism and freedom of the press


V. The role of government

  • pass tax legislation to enable news companies to be organized as nonprofit, tax-exempt corporations
  • devote funds to be gained from government auction of publicly owned telecommunications spectrum to the provision of educational material in digital media
  • provide tax breaks for ethnic media and other under-heard voices
  • consider governmentally sponsored search engine


VI. The role of the public

  • pressure colleges to require civics education
  • push for more courses in news literacy, first amendment
  • support news media in schools
  • expand Sunshine Week activities, move from annual to greater frequency
  • create and distribute field guides for news consumers


VII. New forms of media

  • encourage entrepreneurialism among journalists
  • train traditional journalists in new delivery platforms
  • train new media practitioners in old media principles
  • provide tutorials for citizens in gathering and shaping news
  • create wire service of ethnic media to strengthen disparate voices

Posted by Geneva Overholser 10:42 AM
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