Post-COVID 19: Stakeholders Chart Course for Media Industry Survival

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As the media industry begins to come to terms with the realization of the changes in the dynamics of the profession, Media owners, managers, and practitioners have been urged to become more digital in their operations in order to survive. They were also charged to be more creative, innovative, and technology-driven.

 

These were some of the recommendations contained in a communique issued at the end of the National Media Virtual Roundtable jointly organized by ActionAid Nigeria and Journalists Against Poverty.

 

Themed Between Survival and Existence: Media Objectivity in the Face of Dwindling Fortunes, the roundtable was held in commemoration of 2020 World Press Freedom Day.

 

Speakers included; Dapo Olorunyomi, Publisher, Premium Times Newspaper; Funke Egbemode, Osun State Commissioner for Information and Civic Orientation/ immediate past President, Nigerian Guild of Editors (NGE); ‘Sola Adebawo, Manager – Communications, Policy, Government & Public Affairs, Chevron Nigeria and Mid-Africa, and Country Director of ActionAid Nigeria, Ene Obi.

 

It was also recommended that stakeholders and government need to jointly develop a legal framework to guide and effect bailout in the media industry without prejudice as applied to the banking, telecommunications, and aviation industry and without recourse to politicking its intervention and abuse of power or as a means of control.

 

Government at all levels according to the participants must come to terms with the reality of the media’s importance to the growth of democratic tenets, and that attacks on the media should be halted if the nation desires to come out of its woods.

 

The media and Civil Society Organisations (CSOs) should better coordinate as allies to attain the mutual objective that puts the interest of Nigerians at the center.

 

CSOs were urged to support media’s full transition to digitalization by building the capacity of journalists and bring back activism as in the days of old where public interest based on truths and selflessness determined media contents.

 

Some of the observations by stakeholders revealed that the Nigerian media is yet to be totally free from attacks and clampdown by the ruling class and that Nigeria still ranks low on the table of countries with a conducive atmosphere for free press operation

 

They also observed that the financial crisis that is rocking the Nigerian media has now been compounded by the COVID-19 pandemic, thus massive retrenchment is foreseen in the industry if there are no urgent deliberate interventions by stakeholders.

 

Digitalized operations are no longer an option for media owners and managers considering the current financial constraints, overhead costs, and increasing digital advertising.

 

The stakeholders also cited a lack of innovation as a major threat to the Nigerian media existence. Besides, physical and operational innovation, a mental shift from the way journalism has been practiced needs to occur to address current operational realities.

 

They argued that merger and acquisition will not be a lasting solution to survival, but financial and operational innovative strategies must be urgently developed.

 

The stakeholders warned that mass downsizing and job losses in the media industry may pose a security threat as unemployment is a key driver of insecurity. Hence the Nigerian media might need to consider an urgent bailout structure that will not compromise its independence bearing in mind the large number of Nigerians employed by the industry.

 

They, therefore, called on the public and private sector to see investment in the media as an investment in the nation and its people, not a favor to the practitioners. Despite its watchdog role, the media has been ignored to fizzle out, and this is most glaring in the face of the current pandemic.

 

Journalists were also charged to practice responsible journalism must be encouraged to fulfill its mandate as enshrined in Section 22 of Nigeria’s Constitution.

 

“The public interest must be defined by the media to align with the constitutional provision which states that; “The press, radio, television and other agencies of the mass media shall at all times be free to uphold the fundamental objectives contained in this chapter and uphold the responsibility and accountability of the government to the people” the communique stated.

 

Sixty-eight participants at the meeting included journalists, media and public relations practitioners, communication executives, and representatives of civil society organizations.

 

Babajide Okeowo
Babajide Okeowohttps://newdiplomatng.com/
With a career spanning over a decade spent across the Business, Political and Entertainment beats of prominent media organizations in Nigeria, Babajide Okeowo has carved a niche for himself as a Journalist of repute. As a newsroom guru, he has penned several weighty narratives and designed content that speak to a news medium's values, vision and mission while ensuring that the content resonate pretty well with a variety of critical audiences across Nigeria and beyond. A consummate storyteller whose coverage of the business industry is valuable, Okeowo is blessed with a vast analytical mind and data interpretation skills. In his spare time, he interprets data for a Leading American University while also volunteering for a Non-Governmental Organization on Mindset Transformation. Okeowo is the Content Editor of The New Diplomat.

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