Towards Digital Media and Conventional Media Challenge and Opportunity: What to Expect

Abstract

The rise of digital media has brought about a fundamental shift in how information is created, disseminated, and consumed. It has presented both challenges and opportunities for conventional media. In this paper, the author explores digital media's landscape and impact on conventional media. This study examines the challenges traditional media outlets face, such as declining circulation and advertising revenue, and the opportunities presented by digital media, such as new revenue streams and expanded audiences. This study also discusses the implications of this shift for journalism, advertising, and entertainment. This study argues that while digital media presents significant challenges to conventional media, it also offers exciting opportunities for innovation and growth. Traditional media can thrive in the digital age by embracing new technologies and adapting to changing consumer preferences.

Research on Business Model Innovation of Media Industry in the Era of “Internet+”

“…In foreign countries, the development of the business model of the media industry is relatively mature and diversified. Traditional advertising revenue is still an important source of profit for media enterprises but, with the advancement of digitalization and networking, new business models are constantly emerging (Alzubi, 2023). For example, the subscription model is widely used in news, magazines, and other fields, and users get exclusive content or services by paying a certain fee.…”