Business
“Shattered Mirror”: New Report Examines Canadian Media’s Uncertain Future
The past decade has been marked by massive upheavals in news and journalism. Even if you haven’t followed the media industry turmoil particularly closely, the disruption is easy to see; here in Red Deer we’ve seen the local daily newspaper scaled back to 4 days a week and our local TV station RDTV was closed in 2009.
Declining advertising revenues throughout the industry in Canada have led to massive budget cuts, restructuring and layoffs. For evidence, look no further than the Todayville office! Much of our team is comprised of recently laid-off managers and employees from large broadcasters and now we spend our days working to scale our small digital news and community platform while also monitoring what’s happening in the industry-at-large, talking (and scratching our heads frankly) about what to make of it all.
In turns it’s been fascinating to watch the way the Internet has changed news and journalism, incredibly sad to continually see friends and colleagues restructured out of the industry they love and also quite daunting as we do our best to navigate a completely uncertain future.
It’s safe to say no one has a road map for what lies ahead for our industry, but the Canadian think tank Public Policy Forum recently released a report which takes a thorough look back and makes some bold predictions and suggestions about the future. Titled ‘THE SHATTERED MIRROR: News, Democracy and Trust in the Digital Age’, the report investigates the broken revenue model of traditional media, the under-development of digital-only news providers and the consolidation of revenues by Google and Facebook.
The report can be downloaded and read by visiting www.shatteredmirror.ca, where you’ll also find videos, FAQs and more.
And to hear some compelling criticism and context on the report’s recommendations, listen to this recent episode of the CANADALAND podcast where host Jesse Brown speaks to the report’s author, PPF President Edward Greenspon. CANADALAND is a crowd-funded news site started by Brown that focuses on media criticism, news, politics, and investigative reporting. (It’s one of our favourites here at Todayville and well worth your time to check out.)
From LifeSiteNews
Trump said in his first cabinet meeting that his administration will soon begin placing tariffs on products from the countries of the EU, accusing the European Union of cheating the US.
President Donald Trump blasted the European Union during the first cabinet meeting of his new administration, saying that “The European Union was formed in order to screw the United States. That’s the purpose of it.”
“I love the countries of Europe,” Trump began, “but the European Union was formed to screw the United States.”
“Let’s be honest. The European Union was formed in order to screw the United States,” he reemphasized. “That’s the purpose of it.”
“And they’ve done a good job of it,” he said, before warning: “But now I’m president.”
Trump said that his administration will soon begin placing tariffs on the products of the countries of the EU.
Asked if he expected the EU to retaliate if the U.S. imposes stiff tariffs, Trump said: “They can’t. I mean they can try, but they can’t.”
“We are the pot of gold,” he explained. “We’re the one that everybody wants, and they can retaliate, but it cannot be a successful retaliation, because we just go cold turkey, we don’t buy any more, and if that happens, we win.”
From the LifeSiteNews
The work of DOGE is ‘not an optional thing. It is an essential thing,’ Elon Musk said. ‘If we don’t do this, America will go bankrupt.’
At the Trump administration’s first cabinet meeting, Elon Musk said that he’s “taking a lot of flak” for his work with the Department of Government Efficiency (DOGE), adding, “I’m getting a lot of death threats.”
“We simply can’t sustain as a country a two trillion-dollar deficit,” said Musk, explaining why the work of DOGE is so important to the functioning of the country.
“Just the interest on the national debt now exceeds Defense Department spending,” said the tech billionaire. “We spend a lot on the Defense Department, but we’re spending over a trillion dollars on interest. If this continues, the country will become de facto bankrupt.”
Only DOGE can save the US from bankruptcy
Musk said that the work of DOGE is “not an optional thing. It is an essential thing.”
“If we don’t do this, America will go bankrupt,” he emphasized. “That’s why it has to be done.”
“I’m confident at this point … that we can find a trillion dollars in savings,” he said. “That would be roughly 15 percent of the seven trillion-dollar budget.”
“And obviously that can only be done with the support of everyone in this room,” he said to the cabinet secretaries. “And I would like to thank everyone for your support.”
“DOGE is a support function for the president and for the agencies departments to help achieve those savings and to effectively find 15 percent reduction in fraud and waste,” he explained.
Snapshots of Alberta and Canadian trade with the US
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