Having an understanding how media outlets are financed can be useful when assessing content or credibility. Funding, as well as media regulation, may influence content and how it is presented. Thus, in being media literate, understanding the framework or conditions different media are working under helps to critically examine media reporting and content production.
Media Financing
Questions about media financing were asked regarding leading newspapers/news sites, public service channel and commercial TV channels in each country. The survey shows that most young people in all the Nordic countries, on average half of the respondents, 51 percent, understand that public service companies and channels are financed through taxes. The share of young people who believe the biggest commercial TV channel is primarily funded by taxes is relatively low (16 percent).
There is more uncertainty regarding how the daily newspaper is financed. On average, about a third of the young people believe that the biggest daily newspaper in their country is primarily financed through advertising. There is a greater share, almost half of the respondents who believe that Facebook is financed by advertising. One in ten believe that Facebook is financed through taxes.
Perhaps the most important result is that there is a relatively high share of respondents who say they don’t know about the funding sources of different media/media companies, on average 38 percent, four out of ten.
To illustrate this question, the Swedish result will be used. The Swedish youth correctly state that SVT and Sveriges Radio receives most of their money through taxes, while TV4 and Facebook receives financing through advertising. The result is less clear in regards to the newspaper/news site Aftonbladet and about one third of the respondents, 28 percent, say that they don’t know if media is financed by taxes or advertising.