Your TV and news is changing a lot. Let's talk about why (ft. Matt Friedman)

Daily Detroit

You might have seen some changes in your local TV station over the last few years. Or that more sports is going behind a service that's not your cable provider. Or that more of the well-reported journalism you want to read is behind a paywall.

That's because there are fundamental shifts happening in the media business, pushing these moves.

Joining Jer at the studio in Tech Town is a longtime friend of the show, Matt Friedman, partner at Tanner Friedman Public Relations. Matt brings his expertise to help us navigate the fast-changing media landscape. We talk about the:

• State of Media: Matt discusses the dramatic changes in local TV news, including buyouts and the impact of cord-cutting on local stations' revenue.
• Economic Shifts: The conversation covers how the economics of TV have shifted from high profit margins to a more challenging financial environment, affecting staffing and news coverage.
• Institutional Knowledge: Concerns about the loss of institutional knowledge in newsrooms and its implications for coverage quality.
• Collaborative Journalism: There's aerise of collaborative journalism between nonprofits and for-profits to fill in gaps left by traditional media.
• Impact of Tech Companies: The role of tech giants like Meta and Google in shaping how news is consumed and distributed - and how it's a frenemy situation with many media professionals and producers.
• Future of Sports Broadcasting: A deep dive into the Bally Sports bankruptcy and the future of sports broadcasting, including the potential shift to team-owned streaming services.
• Consumer Advice: Matt advises people to be prepared to pay for quality news and information as the media landscape continues to evolve.

Listen to the full episode to get a comprehensive understanding of the current state and future of local media.

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