PwC
Building a News Industry in the Middle East and North Africa
Pages
28
Time to read
36 mins
Publication
Language
English
Pages
28
Time to read
36 mins
Publication
Language
English
This report outlines the current state and challenges of the news industry in the Middle East and North Africa (MENA) region, focusing on the impact of digitization. It presents findings from a comprehensive study that highlights how consumer preferences have shifted towards digital news, with social media becoming the primary source for news among 68% of surveyed consumers. The report details the need for news organizations to adapt their business models to meet the demands of tech-savvy consumers, emphasizing the importance of creating new content formats and enhancing digital capabilities. It identifies key challenges faced by the industry, including outdated business models, limited partnerships with global tech platforms, and insufficient funding for transformation initiatives. The report also discusses the necessity for collaboration among stakeholders, including governments and academia, to foster a supportive environment for the growth of regional news organizations. Overall, the findings indicate a pressing need for innovation and adaptation to ensure a vibrant news ecosystem in the MENA region.