Global news chiefs in Saudi discuss changing industry

November 20, 2013 02:25

The heads of global news agencies gathered in Riyadh today to discuss how to navigate a changing media landscape marked by falling subscriptions and intense online competition.

The fourth edition of The World Congress of News Agencies was held in the Saudi capital under the theme: "Reinventing the news agency in the 21st century."

Previous meetings took place in Russia in 2004, Spain in 2007 and Argentina in 2010.

Speakers emphasised how the proliferation of online news and mobile services has transformed a business once dominated by newspapers tied to evening deadlines.

As the competition has increased, the global economic crisis has caused subscription rates to plummet, with cash-strapped users having instead turned to social networks, online news aggregators and free news websites.

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