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<channel>
	<title>Robert Masters &#038; Associates</title>
	<link>http://robertmasters.com.au</link>
	<description></description>
	<pubDate>Mon, 07 Sep 2009 12:53:00 +0000</pubDate>
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		<title>Carbon Future</title>
		<link>http://robertmasters.com.au/?p=133</link>
		<comments>http://robertmasters.com.au/?p=133#comments</comments>
		<pubDate>Wed, 08 Apr 2009 09:49:51 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Blog]]></category>

		<guid isPermaLink="false">http://robertmasters.com.au/?p=133</guid>
		<description><![CDATA[One unintended consequence of globalisation appears to be the creation of a global community confronting a ‘perfect storm’ of economic collapse and environmental conflagration. Indeed, climate change risks are a consequence of the greatest example of market failure we have ever seen (Stern 2007)[1]. In Australia, the apparent intractability of these problems has led to calls [...]]]></description>
			<content:encoded><![CDATA[<p><span style="font-family: 'Arial','sans-serif'"></span><span style="font-family: 'Arial','sans-serif'"></span><span style="font-family: 'Arial','sans-serif'">One unintended consequence of globalisation appears to be the creation of a global community confronting a ‘perfect storm’ of economic collapse and environmental conflagration. Indeed, climate change risks are a consequence of the greatest example of market failure we have ever seen (Stern 2007)<a name="_ftnref1" href="http://robertmasters.com.au/wp-admin/#_ftn1" title="_ftnref1"><span class="MsoFootnoteReference"><span><span class="MsoFootnoteReference"><span style="font-size: 12pt; font-family: 'Arial','sans-serif'">[1]</span></span></span></span></a>.</span><span style="font-family: 'Arial','sans-serif'"> </span><span style="font-family: 'Arial','sans-serif'"><span style="font-family: 'Arial','sans-serif'">In Australia, the apparent intractability of these problems has led to calls for a delay in the introduction of an emissions trading system (ETS) until economic prosperity has been restored. </span><span style="font-family: 'Arial','sans-serif'">  </span></p>
<p></span><span style="font-family: 'Arial','sans-serif'">By postponing our response to one while we attempt to address the other, we risk merely perpetuating the market failure described by Stern. Instead, we must come to regard each seemingly intractable problem as the solution to the other: the development of a world-leading ETS holds the greatest potential for Australia’s continuing economic growth.</span><span style="font-family: 'Arial','sans-serif'">  </span><span style="font-family: 'Arial','sans-serif'"><span style="font-family: 'Arial','sans-serif'">According to Innovation Australia, we will need an estimated $37 billion to be invested in new energy supply infrastructure by 2020. By then, renewable energy’s contribution to Australia&#8217;s electricity generation is projected to increase from 67 petajoules (PJ) in 2004–05 to 100PJ in 2019–20.</span><span style="font-family: 'Arial','sans-serif'"> </span><span style="font-family: 'Arial','sans-serif'">This means the environmental and economic sustainability of our standard of living is staked on a range of technically feasible renewable energy solutions which are yet to be developed into commercial realities. In short, some very clever people are going to have to come up with some very clever answers and they won’t want to be wasting their time doing it.</span><span style="font-family: 'Arial','sans-serif'"> </span><span style="font-family: 'Arial','sans-serif'"><span style="font-family: 'Arial','sans-serif'">Despite a bewildering array of 169 national and state innovation programs, Australian government support for science and innovation as a percentage of gross domestic product fell from 0.75 per cent in 1993–94 to 0.59 per cent in 2006–07.</span><span style="font-family: 'Arial','sans-serif'"> </span></p>
<p></span></p>
<p></span><span style="font-family: 'Arial','sans-serif'">Apart from baffling potential applicants, the current assistance system forces decisions to be made in a context of ‘picking winners’. The automotive and textile sectors, for example, received generous government assistance to counter the effects of tariff reduction.</span><span style="font-family: 'Arial','sans-serif'"> </span><span style="font-family: 'Arial','sans-serif'"><span style="font-family: 'Arial','sans-serif'">For the Australian government, the risks associated with picking winners can sometimes be further complicated by the need to support the local product. Typically the innovation policy focus is on stopping the ‘brain drain’ and retaining the intellectual property pertaining to our bright ideas.</span><span style="font-family: 'Arial','sans-serif'"> </span></p>
<p></span><span style="font-family: 'Arial','sans-serif'">These objectives remain central to the Australian government’s approach to managing climate change.</span><span style="font-family: 'Arial','sans-serif'"> </span><span style="font-family: 'Arial','sans-serif'"><span style="font-family: 'Arial','sans-serif'">The Australian government’s principal initiative to increase the amount of local research and development (R&amp;D) is a tax concession with a base rate of 125 per cent and a premium rate of 175 per cent.</span><span style="font-family: 'Arial','sans-serif'"> </span></p>
<p></span><span style="font-family: 'Arial','sans-serif'">Enhanced R&amp;D tax concessions for projects focused on climate change and other environmental initiatives would demonstrate that the government is committed to two of its principal objectives – fostering innovation and addressing climate change issues.</span><span style="font-family: 'Arial','sans-serif'"> </span><span style="font-family: 'Arial','sans-serif'"> </span><span style="font-family: 'Arial','sans-serif'"></span><span style="font-family: 'Arial','sans-serif'"><br clear="all" /></p>
<p></span><br />
<hr SIZE="1" width="33%" align="left" />
<p style="margin: 0cm 0cm 0pt" class="MsoFootnoteText"><a name="_ftn1" href="http://robertmasters.com.au/wp-admin/#_ftnref1" title="_ftn1"><span class="MsoFootnoteReference"><span><span class="MsoFootnoteReference"><span style="font-size: 10pt; font-family: 'Times New Roman','serif'">[1]</span></span></span></span></a><font size="2" face="Times New Roman"> Garnaut Climate Change Review, <em>Final Report,</em> 2008, p. 299.</font></p>
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		</item>
		<item>
		<title>&#8216;New&#8217; Journalism</title>
		<link>http://robertmasters.com.au/?p=131</link>
		<comments>http://robertmasters.com.au/?p=131#comments</comments>
		<pubDate>Wed, 08 Apr 2009 09:47:34 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Blog]]></category>

		<guid isPermaLink="false">http://robertmasters.com.au/?p=131</guid>
		<description><![CDATA[The ‘New’ JournalismThe Market  Australian listed media stocks are in significant decline, while most listed media companies remain beset by market doubts that advertising revenues are sustainable. Consolidated Media Holdings, Fairfax, Macquarie Media Group, the Seven Network, APN News and Media and Austereo have all recorded falls of 50 percent or more since the peak in [...]]]></description>
			<content:encoded><![CDATA[<p><a name="_Toc223927073" title="_Toc223927073"></a><strong><span style="font-family: 'Arial','sans-serif'">The ‘New’ Journalism</span></strong><strong><span style="font-family: 'Arial','sans-serif'"></span></strong><strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">The Market</span></strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"> </span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"> </span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">Australian listed media stocks are in significant decline, while most listed media companies remain beset by market doubts that advertising revenues are sustainable. Consolidated Media Holdings, Fairfax, Macquarie Media Group, the Seven Network, APN News and Media and Austereo have all recorded falls of 50 percent or more since the peak in November 2007. A year later, in the first week of November 2008, News Corporation announced a 9 percent fall in operating profit and Rupert Murdoch warned of ’extremely challenging’ times and inevitable cutbacks.</span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"> </span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">The bleak outlook for media earnings prompted Goldman Sachs JB Were to issue a note to clients late last year warning of two years of downward pressure on earnings and revenues. Advertising revenue forecasts for metropolitan newspapers fall by 7.9 percent this year before recovering (slightly) to grow by about 1.4 per cent in 2010. This compares to a fall of just 3 percent in the previous forecast. According to the Audit Bureau of Circulation (ABC) figures, newspaper readership in </span></span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">Australia is declining: the circulation of 18 of Australia’s 25 national and metropolitan dailies fell in the December quarter. </span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"></span></span></p>
<table border="1" width="85%" cellPadding="0" cellSpacing="0" style="margin: auto auto auto 33.75pt; width: 85.9%; border-collapse: collapse; border: medium none" class="MsoTableGrid">
<tr>
<td width="33%" vAlign="top" style="padding-right: 5.4pt; padding-left: 5.4pt; background: navy; padding-bottom: 0cm; width: 33.32%; padding-top: 0cm; border: windowtext 1pt solid"><strong><span style="font-size: 10pt; color: white; font-family: 'Arial','sans-serif'">Masthead</span></strong></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: windowtext 1pt solid; padding-left: 5.4pt; background: navy; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid"><strong><span style="font-size: 10pt; color: white; font-family: 'Arial','sans-serif'">Sales</span></strong></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: windowtext 1pt solid; padding-left: 5.4pt; background: navy; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.34%; padding-top: 0cm; border-bottom: windowtext 1pt solid"><strong><span style="font-size: 10pt; color: white; font-family: 'Arial','sans-serif'">Change (%)</span></strong></td>
</tr>
<tr>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: windowtext 1pt solid; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">Advertiser</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">182 055</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.34%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; color: red; font-family: 'Arial','sans-serif'">▼ 4.4</span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"></span></td>
</tr>
<tr>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: windowtext 1pt solid; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">Age</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">204 200</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.34%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; color: navy; font-family: 'Arial','sans-serif'">▲0.05</span></td>
</tr>
<tr>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: windowtext 1pt solid; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">Australian</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">137 000</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.34%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; color: navy; font-family: 'Arial','sans-serif'">▲1.5</span></td>
</tr>
<tr>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: windowtext 1pt solid; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">Australian Financial Review</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">86 158</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.34%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; color: red; font-family: 'Arial','sans-serif'">▼2.4</span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"></span></td>
</tr>
<tr>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: windowtext 1pt solid; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">Courier-Mail</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">215 383</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.34%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; color: red; font-family: 'Arial','sans-serif'">▼2.5</span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"></span></td>
</tr>
<tr>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: windowtext 1pt solid; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">Daily Telegraph</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">369 000</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.34%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; color: red; font-family: 'Arial','sans-serif'">▼1.6</span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"></span></td>
</tr>
<tr>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: windowtext 1pt solid; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">Herald Sun</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">515 000</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.34%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; color: red; font-family: 'Arial','sans-serif'">▼2.8</span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"></span></td>
</tr>
<tr>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: windowtext 1pt solid; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">Sydney Morning Herald</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">211 370</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.34%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; color: navy; font-family: 'Arial','sans-serif'">▲0.1</span></td>
</tr>
<tr>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: windowtext 1pt solid; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">West Australian</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.32%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">192 964</span></td>
<td width="33%" vAlign="top" style="border-right: windowtext 1pt solid; padding-right: 5.4pt; border-top: #f0f0f0; padding-left: 5.4pt; padding-bottom: 0cm; border-left: #f0f0f0; width: 33.34%; padding-top: 0cm; border-bottom: windowtext 1pt solid; background-color: transparent"><span style="font-size: 10pt; color: red; font-family: 'Arial','sans-serif'">▼2.7</span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"></span></td>
</tr>
</table>
<p><strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">Table 1: Average net paid sales per issue, December quarter 2008</span></strong><span style="font-size: 8pt; font-family: 'Arial','sans-serif'">Source: Audit Bureau of Circulations</span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"> </span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"><strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">The Newsroom</span></strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"> </span></span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">In October 2008, the Media Arts and Entertainment Alliance (MEAA) conducted a survey of Australian newsrooms as part of its <em>Future of Journalism</em> initiative. It found deep concerns about staffing levels, increased hours and stress. While the survey focussed on a number of areas of significant change within newsrooms, by far the most comments concerned quality suffering due to increased workload. Almost two in five respondents said their work suffered due to increased hours and workload, while only one in five said new technology had improved quality. One reporter worried: “The upshot for print journalists is we are being stretched further</span><font face="Times New Roman"> </font><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">and further, so our work suffers. Most of us are now doing at least four print stories a day, plus online work, so there is no choice but to put in the minimum number of calls and pump the words out.” (See Figure 1)</span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"> </span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"><br clear="all" style="page-break-before: always" /></span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"> </span></span></span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">Another predicted: “internet deadlines will encourage me to write inferior stories with little thought”. Still another feared:</span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"> </span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"><em><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">Reduction in staff numbers and quality journalism due to loss of revenue. Some reporters are expected to run opinionated blogs, while writing unbiased news stories on the same subject. This reflects and impacts on journalism standards. Much of the internet material is simply cut and paste rather than real journalism. Reporters do not have enough time to do quality work when their days are divided between supplying newspaper and online copy.</span></em><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"></span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"> </span></span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"> </span><strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">‘Churnalism’</span></strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"> </span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">In 2008, award-winning British investigative journalist, Nick Davies, published an examination of the operation of daily newspapers in the </span></span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"><span style="font-size: 10pt; font-family: 'Arial','sans-serif'">United Kingdom—called <em>Flat Earth Journalism</em>. Research commissioned for the book found 80 percent of the stories in Britain&#8217;s quality dailies in a two-week period were rewritten wire copy (such as Associated Press) and media releases; reporters generated just 12 percent with the remaining 8 percent originating from unknown sources. To describe this phenomenon of ‘press release journalism’, Davies coined the term ‘churnalism’.</span><span style="font-size: 10pt; font-family: 'Arial','sans-serif'"> <span style="font-size: 10pt; font-family: 'Arial','sans-serif'">The two biggest Australian studies of ‘churnalism’ date from 1993 and 2001. In his 1993 study, Jim Macnamara found that of 2 500 articles published during a year, 31 percent were wholly or partly based on news releases, &#8220;including exact extracts or facts and figures without alternative attribution&#8221;. In 2001, Clara Zawawi analysed 683 articles published by Brisbane&#8217;s <em>The Courier-Mail</em>, Sydney&#8217;s <em>The Sydney Morning Herald</em> and Melbourne&#8217;s <em>The Age</em>, finding 251 (or 37 percent) directly resulted from public relations. Surveys, papers and submissions sent to journalists with the intent of gaining media coverage accounted for another 88 articles. She concluded 47 per cent of articles in the newspapers were the result of PR activity.</span></span></span></span></p>
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