Last week, the Guardian reported that it had hit losses of £69 million.
This is a staggering amount of money by anyone’s measure. If this was a standalone business story, a great deal of fuss would be made and questions asked about how management let this happen.
Truth has greatly decreased in value in today’s media environment, and emotion is now a far more powerful storytelling tool than hard facts.
This was the conclusion Guardian editor, Katharine Viner, came to in her recent treatise on the subject, which placed blame firmly on social media.
There are plenty of examples of this. Last year’s #piggate ‘scandal’ was reported around the globe despite no evidence. And even though ‘facts’ used by Brexiteers during the referendum campaign were disproved, it did not stop them from being utilised and reported.
But what role has technology played in this ‘downfall’ of reliable journalism?
I was invited to breakfast with Biz Stone, co-founder of Twitter, this morning as he promotes his excellent book, Things a Little Bird Told Me, which everyone should buy because its funny, it's a great read and he is immensely relatable.
Yesterday morning Champion met with Jemima Kiss, Head of Technology at The Guardian, who discussed her role, life at the newspaper and the future of the title. We got a great insight into her daily routine, the rise of digital and the content and activity on her agenda.