Document summary
The media sector is changing, reflecting the rise of social media and the increased blurring of the boundaries between the media sector, and the advertising, telecoms and technology sectors. This blurring demonstrates the challenges presented to ‘traditional’ media businesses (newspapers, television, radio) by new communication technologies, the low cost of content generation and the rise of social media. This presents the media sector with major ESG challenges and the associated risks and opportunities these pose for long-term financial returns.