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Now is the best timing to invest in news industry

出自香港新聞網 - 樹仁新傳系學生實習習作

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The flourish period of the newspapers industry in Hong Kong has been decaying since the rapid development of technology and smartpones in the early 20th century. Yet, Tim Chan, the Executive Chief Editor of the Hong Kong Economic Journal, thinks that this is the best and right moment to develop and invest in news industry due to the enormous demand of getting more and more information at a faster pace.

“As you can see in the subway, the younger generation usually plays with their smartphones in hands rather than read newspapers. So who will still like to buy newspapers? Only the old generation will. And this is why the market of newspaper industry is becoming smaller and slimmer.” Tim said.

Yet, Tim thinks the need and demand of getting more information of Hong Kong people is growing vastly. “Even though the newspaper industry is dying, the news industry is on the other hand. People nowadays are eager to get the latest news in every half an hour. It’s like an addiction. People need to keep up with the news constantly. Such immense demand of information must imply a market.” Tim said.

Tim is not only optimistic about the future of news industry, also the prospects of financial reporting in the coming years. --105125 2012年9月26日 (三) 23:34 (UTC)

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