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Past Event

A Governance Studies Event

The Future of the News Industry

Media & Journalism, U.S. Economy


Event Summary

Rising unemployment and a declining economy are placing enormous fiscal pressures on news organizations around the globe. The simultaneous declines in ad revenues and circulation levels have undermined the traditional business model of newspapers, radio and television networks. The competing emergence of Internet web sites and bloggers has changed the dynamic. As a result, the news media is increasingly merging with entertainment media – a trend that holds the promise of expanding public discourse but also threatens to diminish its quality.

Multimedia Downloads

Full Event Audio

May 18, 2009 Length: 1:24:33

Event Information

When

Monday, May 18, 2009
12:00 PM to 1:30 PM

Where

Falk Auditorium
The Brookings Institution
1775 Massachusetts Ave., NW
Washington, DC
Map

Event Materials

Contact: Brookings Office of Communications

E-mail: events@brookings.edu

Phone: 202.797.6105

On May 18, The Brookings Institution hosted an event to discuss how to “re-engineer” the traditional business model of the news industry and to improve media coverage of public affairs. Time’s Karen Tumulty moderated a discussion with Brookings Vice President and Director of Governance Studies Darrell West, Senator Ben Cardin (D-MD) , Aspen Institute’s Walter Isaacson, and journalist Michael Kinsley. Brookings President Strobe Talbott offered introductions and opening remarks.

Transcript

DARRELL WEST:  One of the things that I hoped to avoid when we put together this panel was what I would refer to as the politics of nostalgia, where we all kind of look back on the good old days of Walter Cronkite and Woodward and Bernstein and think, “Oh, if only we could go back there, things would be better.”

You know, we’re never going to go back there. You know, we can envision lots of different scenarios for the future. None of them involve re-creating the media world that existed 30 and 40 years ago. So the question is really how can we move forward.

I think what a lot of people ignore about the current era is there certainly are some problems with the new digital world, but there are some clear strengths as well, strengths and even exceed what we had in the glory days of objective journalism in the 1960s.

Participants

Introduction

Strobe Talbott

President, The Brookings Institution

Moderator

Karen Tumulty

Senior Writer and National Political Correspondent, Time

Panelists

The Honorable Benjamin L. Cardin (D-MD)

United States Senate

Walter Isaacson

President and CEO, The Aspen Institute

Michael Kinsley

Writer and Columnist

Darrell M. West

Vice President and Director, Governance Studies


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