Speaking at the Mobile World Congress in Barcelona on Monday, CNN president Jeff Zucker said that good journalism will go away without assistance from other sectors of the business world.
CNN president Jeff Zucker said Monday that quality journalism will die without help from companies in other sectors.
“There’s no question in a Google and Facebook world, monetization of content is important,” Zucker said. “We are doing well. But we need help from the advertising and technology worlds, otherwise good journalism will go away. That’ll be bad for the U.S. and for the rest of the world.”
Zucker also said that regulators should keep an eye on the enormous power and influence of Facebook and Google.
“Everyone is looking at whether these combinations of AT&T and Time Warner or Fox and Disney pass government approval and muster, the fact is nobody for some reason is looking at the monopolies that are Google and Facebook,” the CNN boss said. “That’s where the government should be looking, and helping to make sure everyone else survives. I think that’s probably the biggest issue facing the growth of journalism in the years ahead.”
Zucker also addressed the competition from online video streaming giants– Netflix and Amazon saying that while they have changed viewing habits “live news and live sports are immune” to them.
“CNN has never been more relevant,” Zucker said “OTT ( Over the top) has not had a dramatic effect on CNN. Our core business has never been stronger.”
Zucker added that telling the truth is still a good business and reiterated an old Bill Gates maxim that “content is still king.”