Major news organizations including The New York Times, The Wall
Street Journal and The Washington Post issued an “open letter” full-page ad in their editions today pitching brands to boost their investments in “quality
news and journalism.”
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The effort was coordinated by marketing services company Stagwell as part of its “Future of News” initiative, which earlier this year
released a study finding that brand safety standards currently in use are unnecessarily “demonetizing” the news industry.
“Business leaders need to work together to
create a new virtuous cycle, one in which advertisers and consumers support news,” the ad states. “When news organizations thrive, brands drive business results from reaching valuable
audiences, and quality journalism prevails.”
In addition to the three above-mentioned dailies, the ad ran in other major newspapers around the country and online. Stagwell and about two-dozen
publishers are supporting the effort.
“News plays an indispensable role in our democracy,” the ad declared, noting that both advertisers and consumers have pulled back from
supporting news.
“As newsrooms decline, dis-information and mis-information rise. And democracy suffers.”
See the full ad here.