The Daily Maverick Takes Stand Against Tech Giants’ Business Models

The Daily Maverick Takes a Stand for Journalism

In a bold move, The Daily Maverick has taken a stand against the harmful practices of tech giants that profit off the hard work of media professionals. The online news media outlet warns of the dire consequences if journalism does not receive the support it needs from the business community, the public, and policymakers.

“We have failed to communicate the severity of the crisis and the impact it will have on key institutions and our economic prospects,” a statement from The Daily Maverick reads. Today’s shutdown serves as a stark reminder of what could happen if journalism is left to fend for itself.

Styli Charalambous, co-founder and CEO of The Daily Maverick, describes the action as a result of rigorous debate, emphasizing the urgent need for financial support and policy reform to protect democracy and serve the public’s information needs.

As the general elections approach, the timing of this action is crucial. The online news media outlet calls on the government to enact legislative support and incentives to create a more favorable environment for journalism.

IFJ Secretary General Anthony Bellanger highlights the importance of supporting journalists in their crucial role of informing society and holding those in power accountable. He criticizes big tech companies like Google, Amazon, Meta, and Apple for reaping the benefits of online advertising revenue without contributing to news content, leaving media houses struggling to survive.

The IFJ reiterates its call for governments to ensure that journalists receive a fair share of the income generated by internet giants. It is essential for the future of independent, professional journalism that journalists are able to make a decent living.

In a world where information is power, it is imperative that journalism is supported and protected. The Daily Maverick’s actions serve as a wake-up call to the industry and the public alike, highlighting the urgent need for change.

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