Innovation and Sustainable Development of News Business Models in the Digital Age

Commercial development is the lifeblood of the survival and growth of traditional news media. In the digital age, internet platform giants have significantly eroded advertising shares and seized resources, while self-media has entered the fray lightly armed. The news industry's business models face enormous challenges and urgently need further reform and innovation to achieve healthy and sustainable development. This paper explores paths of innovation in news business models in the digital age, such as content payment, "information + social," "information + comprehensive services," and industrial cross-border integration. It proposes strategies for sustainable development: "leveraging strengths and avoiding weaknesses, leading innovation to create a diversified 'news + business' model, balancing long-term and short-term gains, and implementing scientifically secure cooperation."

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Publication Details

Journal
Arts Studies and Criticism
Published
2024-10-09
DOI
https://doi.org/10.32629/asc.v5i4.2669
Primary Topic
Big Data and Business Intelligence
Type
article
Field-Weighted Citation Impact
0.00
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article

Innovation and Sustainable Development of News Business Models in the Digital Age

Zhoulin Xie
Arts Studies and Criticism
Big Data and Business Intelligence
article

Innovation and Sustainable Development of News Business Models in the Digital Age

Zhoulin Xie
article en

Abstract

Commercial development is the lifeblood of the survival and growth of traditional news media. In the digital age, internet platform giants have significantly eroded advertising shares and seized resources, while self-media has entered the fray lightly armed. The news industry's business models face enormous challenges and urgently need further reform and innovation to achieve healthy and sustainable development. This paper explores paths of innovation in news business models in the digital age, such as content payment, "information + social," "information + comprehensive services," and industrial cross-border integration. It proposes strategies for sustainable development: "leveraging strengths and avoiding weaknesses, leading innovation to create a diversified 'news + business' model, balancing long-term and short-term gains, and implementing scientifically secure cooperation."

Arts Studies and CriticismVol. 5(4)
Industry, innovation and infrastructure
Openalex Percentile: Top 74%
Big Data and Business Intelligence
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