Mainstream media faces challenges in developed democracies like never before. On one hand, seemingly “free” digital (including social media) options are eroding the market for print drastically. Ads are not so much shifting from print to digital, but apparently simply disappearing. In the face of the pressures stemming from changing economics of the news business—which still has to be gathered at great expense, even if it can be distributed or shared by third parties practically for free (denying the gatherers their share of revenue)—one now encounters a new form of threat that is more political and cultural, namely, “fake news” and state and nonstate actors who wield it to undermine the public's trust in traditional media or news sources.
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