In the lives of many consumers, social networks have begun to replace traditional news outlets as their primary source of news, making it much more difficult for publishers who still rely on a more traditional business model to earn revenue from their stories. In its annual report on digital news, the Reuters Institute for the Study of Journalism (RISJ) highlights the rise of Facebook, YouTube and Twitter and how they transformed the way news media is consumed today. The institute conducted a study across 26 countries that found that over 50 percent of all the Internet users turned to social… [Continue Reading]