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Seeking more information, community needs the media

出自香港新聞網 - 樹仁新傳系學生實習習作

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  • Seeking more information, community needs the media--105021 2012年9月26日 (三) 00:33 (UTC)

By Iris Chan Sep 25, 2012

Tim Chan, executive chief editor of the Hong Kong Economic Journal, attended a talk in a university. He said that even though the development of print media industry is declining , the desire for information is increasing enormously. Thus, the media is becoming more important than before.

Technology aids news

“Online news will replace the printed one ,” Chan said. "It is disappointing that we can hardly find citizens reading newspapers in the MTR these days." He believes print media can no longer stay in the industry as technology speeds up its development. Because youths and other citizens only read news on smartphones, print media will find it difficult to gain new readers.

Still, more people are asking for professional views, opinion or analysis from specialists. They are willing to subscribe to newspapers to get their information, for example the number of their financial newspaper subscribers is increasing each month.

“Hong Kong people update the news every minutes. It seems they are addicted to information already,” Chan declared, since it is not crucial which forms of journalism are used. As long as the community relies on information, the media can survive. This perspective of the media industry is optimistic.

News injected into our daily life

Chan noted that the increase in newspaper price by 2 dollars barely affects the demand. He said, “Although we increased the price by 30%, the demand for our newspaper does not decline significantly.” Chan added, the loyal readers perceive the newspaper as a necessity. In addition, the price hike was still affordable, he said.

Discreetness

Chan believes that extensive media reports of Quantitative Easing 3 will stimulate investment activities in the financial market, however, the influence is small. In contrast, “We tend to be more conservative when reporting the sensitive news so as to lessen the unnecessary panic,” he said.

“ The world is changing too fast, financial reporters can only work hard.” As a successful financial news journalist, it is important to gain respect from the citizens and the people who are working within the industry, he said.

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