Strategy& β MENA News Industry
Summary
Digitization is driving growth for news organizations in the MENA region with increasing news consumption and demand.
Consumers are willing to pay for trustworthy and specialized reporting, providing opportunities for revenue growth through digital advertising and consumer revenues. The region's mobile connectivity, internet penetration, and social media usage, particularly among young consumers, are fueling this growth. To capitalize on this trend, news organizations must evolve their business models and content delivery methods, creating new types of content and interfaces. Collaboration with governments, regulators, tech platforms, advertisers, and academia is essential to support the growth of regional news organizations. This can be achieved through talent development programs, financial support, media literacy initiatives, and an updated regulatory framework. These transformational efforts aim to enhance the news consumption experience, build high-performing news organizations, and foster a vibrant news ecosystem in the MENA region.
Region:
Africa, Middle East
Published:
February 2024
Author(s):
Strategy&
Language:
English