Pros of Journalism in Bangladesh

The main purpose of journalism is to serve the citizen. If you keep that in your mind then you
can understand the pros of journalism.

Updated News and Information:

In the book "The Elements of journalism," authors Bill Kovatch and Tom Rosentiel argue
that a "Journalist's first obligation is to the trust". Because when people have reliable access
to information that they can trust is truthful not outright lies or propaganda so that they can
make better decisions and better govern themselves. Example can be said that people should
be able to rely on journalists to provide them with truthful information about candidates so
they can decide who to vote for.

Journalists Make the Complex Simple:

There are few things more off-putting to readers than an article full of complex terms and
jargon. Luckily journalists are taught to make things as easy as possible for readers by using
simple, straightforward language in place of opaque terms that make concepts inaccessible to
the public. Marketers would reach more people if they did the same.

Helps to understanding businesses:

Understanding the intricacies of business, especially business as practiced by the
multinationals, is not easy. And it’s unrealistic to expect a reporter to have the same
understanding of economics, finance, accounting and the capital markets as does a CEO with
a Wharton MBA and 20 years’ experience. However, somewhere between complete
knowledge and absolute ignorance lies a middle ground of understanding that is attainable to
any journalist willing to put in the time and effort.

1. Accounting, mathematics and statistics: Why? Because this is how business

people communicate. Accounting is the process of recording, measuring,
interpreting and communicating financial information to a variety of users, so
it’s important to understand its concepts and terminology. Similarly, financial
managers make their forecasts and projections using mathematical formulas,
and statistics are regularly used to argue positions and explain relationships
among businesses, industries and markets.

2. How to read, understand and interpret financial statements: SEC filings,

and annual reports. Specifically, this means being able to review a balance
sheet, profit and loss statement and cash flow statement, and to then make a
determination on a company’s financial health.

3. How capital markets operate: Specifically, how companies are formed and
financed, the difference between corporations, partnerships and sole
proprietorships, and how a privately held company can take itself public.
Money is the oil that lubricates the system; knowing how it flows is important.
 4. How accounting and reporting tricks are used to embellish corporate
earnings, hide management mistakes, and defraud regulators and investors.

Spread news of art, culture and country:

It is believed that commercialization and an oligopolies media structure are definitely a threat
to diversity and sovereignty of any nation. The porosity of cultural boundaries engendered by
media globalization has given rise to concerns over cultural sovereignty and cultural rights.
While such concerns have been dismissed by proponents of globalization as unfounded, for
developing countries, the economic reality of which preclude the development of strong local
productions and so foster reliance on imported programming, these concerns are quite
relevant. Research has shown that where local productions are weak, inroads made by foreign
media can be dangerous. Media privatization exacerbates this reliance and encourages the
inflow of imported content on the principle that within a free market system, there should be
no barriers erected against the free flow of cultural products across borders.

Opportunities to raise the voice:

Journalism provides what Kovatch and Rosentiel call a public forum for criticism and
comment. This is an essential thigh for a democratic society to have. It gives every citizen a
voice. Journalism provides many avenues for citizens to speak up form printing letters to the
editor in the newspaper to displaying comments from readers after an online article.

Empowers local communities:

Kovatch and Rosentiel said in their book that journalism offer a voice to the voiceless and
serve as an independent monitor of power. We can see that powerful people often try to get
away with bad things. If journalists weren't there to expose them those powerful people
would just get away with it. On the other hand, most of the people in this world aren't
powerful, but their perspectives and stories are still important. Journalists can be the ones to
find those powerless people and give them a voice.