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The new media world order

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Summary

This article discusses the changes that have taken place in the Irish media industry over the past two decades. It examines how multinationals have taken over media and advertising revenue, how the Irish population is aging and creating public service costs, and how the payments crisis at RTE has necessitated a reevaluation of the broadcaster's business model. It then looks at how European media groups are consolidating, and the importance of public service broadcasters leveraging the reach of digital multinationals in the digital world. Finally, the article discusses ongoing cases related to the scandal involving Davy Stockbrokers and the tension between e-scooter operators and the Department of Transport.

Q&As

What changes have taken place in the Irish media landscape in the past four years?
In the past four years, Denis O'Brien sold Independent News and Media to the Dutch-Belgian group Mediahuis, sold his Communicorp network of radio stations to Germany's Bauer Media, and Liberty Global acquired TV3 under the Virgin brand.

What are the implications of Google, Facebook and other foreign media companies entering the Irish market?
The implications of Google, Facebook and other foreign media companies entering the Irish market include the loss of advertising revenue previously collected by newspapers, the potential for data-based advertising models to expand to what people are saying to each other, and the potential for further consolidation of the media industry.

What strategies have been employed by European media companies looking to expand into the Irish market?
European media companies looking to expand into the Irish market have employed strategies such as talking to other shareholders, talking to management, and analysing if they can contribute to the company.

How has the payments crisis at RTE precipitated a need to reform its business model?
The payments crisis at RTE has precipitated a need to reform its business model by examining what RTE should do and how it should be funded.

How can RTE reach a wider audience and generate more revenue from its own productions?
RTE can reach a wider audience and generate more revenue from its own productions by relying on the reach of global streaming giants, publishing its news on social media apps, and hosting its video streams on YouTube.

AI Comments

👍 This article offers an insightful look into the media industry in Ireland and the impact of digital media on the industry. It provides an excellent overview of the changes that have taken place in the past few years and the challenges that lie ahead.

👎 This article is overly long and does not provide enough detail or analysis to really understand the complexities of the media industry in Ireland. It reads more like an outline rather than an in-depth discussion.

AI Discussion

Me: It's about the new media world order and how it has changed in Ireland in recent years. It talks about how companies like Google, Facebook, and Bonnier News have had an impact on the Irish media landscape, and how RTE's business model has been affected by the payments crisis.

Friend: Interesting. It sounds like the media landscape in Ireland is changing rapidly. What implications do you think this has for the Irish media industry?

Me: Well, it means that there is a lot more competition in the market, and traditional media companies are having to adapt to new technologies and trends. This means that it's becoming increasingly difficult for media companies to stay afloat and make a profit. There is also a need for increased regulation in the media industry, as well as more transparency in terms of ownership and funding. Finally, it's important for media companies to focus on providing content that is both engaging and informative, in order to keep up with the growing competition.

Action items

Research other European media groups that may be interested in entering the Irish media market.
Analyze the potential of RTE to reach its audience through global streaming giants.
Explore ways to monetize RTE-based images with car or porridge brands.

Technical terms

Copy: Text or content of an article.
Twitter: A social media platform.
Subscribe: To sign up to receive updates from a website or publication.
RSS: Really Simple Syndication, a web feed format used to publish frequently updated content such as blog entries, news headlines, and audio and video.
Translate: To convert written text from one language to another.
Plus: An indication that additional content is included.
View this email in your browser: To view an email in a web browser instead of an email client.
Good morning: A greeting.
Engrossing: Captivating and absorbing.
Podcast: An audio or video file made available on the internet for downloading to a computer or mobile device, typically available as a series.
Economists: A person who studies or is an expert in the science of economics.
Two-tier economy: An economy in which two distinct economic systems exist, one for the wealthy and one for the poor.
Volatile: Quickly changing or fluctuating.
Unpredictable: Not able to be predicted or foreseen.
Tax revenue: Money collected by a government from taxes.
Multinationals: A company that operates in multiple countries.
Expansion: The process of increasing in size, number, or importance.
Ageing: Growing old.
Widespread: Occurring over a large area or among many people.
Gleaming: Shining brightly.
Facades: An outward appearance that is maintained to conceal a less pleasant or creditable reality.
Gobbled up: To take or consume quickly and greedily.
Classifieds: A section of a newspaper or website where people can advertise goods or services for sale.
Scandinavian: Of or relating to Scandinavia or its peoples, languages, or cultures.
Shopping spree: A period of time in which someone spends a lot of money.
Accelerated: To increase in speed or rate.
Tycoons: A wealthy and powerful businessperson or industrialist.
Monetise: To convert something into money.
Precipitated: To cause or bring about (an event or situation) suddenly or sooner than expected.
Facade: An outward appearance that is maintained to conceal a less pleasant or creditable reality.
Infighting: Qu