Is the future of serious journalism in the hands of corporate media?

ZDNet’s Tom Foremski asks: “As the business models for serious journalism continue to erode where will we get the quality media we need as a society to make important decisions about our future?”

And warns: “Special interest groups will gladly pay for the media they want you to read, but you won’t pay for the media you need to read.”

Cisco has a large team of journalists producing articles about the tech industry for its online magazine “the network.” John Earnhardt said that the reporters have just two rules to follow: “Don’t write about competitors, and don’t write anything that could harm Cisco.”

At Nissan Motors, the company has built a full scale TV studio and produces a news program with veteran journalists from the BBC and elsewhere.

“Why does Nissan want to get into the business of serious news journalism? Why not sponsor an existing news show? His answer was surprising. “I don’t have the confidence that traditional news organizations will be able to survive the transition to the new business models. Why should I invest large amounts of money over the next few years in a failing enterprise?”

If there’s a take-away from this piece it’s probably this: “Media is a loss leader, you need something else to sell. If all you have is media to sell, then you will have losses.”