Hancock said that “the world has changed” since Leveson 1 and that the press is under threat from new digital forces that require “urgent” attention. Traditional publishers are struggling to make up the loss of revenue from the decline in popularity of printed press with digital income. In 2015, for every £100 newspapers lost in print revenue, newspapers only gained £3 in digital revenue. More than 200 local newspapers have closed since 2005. Google and Facebook control more than 60% of the UK digital ad market, with as much as 90% of all new online ad spend going to the two giants. Hancock said the “largely unregulated” social media world threatened high quality journalism with issues including clickbait, fake news, malicious disinformation and online abuse. “These are today’s challenges and this is where we need to focus,” he said.
Sorry, this "high quality journalism" in print and "malicious disinformation" online is just a bit lacking in nuance.
No wonder the Guardian never welcomed contributions from readers as in Guardian Unlimited Talk, now no longer mentioned. See previous posts.