The History of a Crisis: Internal Factors

The situation in which the media industry finds itself has not arrived as suddenly as some commentators imagine. The traditional industries, principally the print media, have been established for a considerable time, in the case of the newspaper industry for over 150 years (while the first newspapers were established 400 years ago, the business became an industry when the first trade association was formed with the foundation of the British Newspaper Society in 1851). The newer, electronic operations such as television and radio are more recently established and, understandably, have entered the cycle of decline considerably later than their print counterparts. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.