News organisations should have realistic finance model: Finance Minister Arun Jaitley

New Delhi: It is important that news organisation have ‘realistic’ financial models otherwise ‘aberrations’ like paid news can creep in, Information and Broadcasting minister Arun Jaitley said on Thursday.

The minister said that if there is one sector, which has changed the way of life literally, it is the broadcasting sector and it has happened fast as communication has become extremely accessible.

He said the technology in this sector was evolving fast which had brought its own challenges.

"One of the worries is that the financial model for all (news) organisations must be a realistic model. Because if the financial model is not a realistic model, then imperfections will enter. And these imperfections will lead to aberrations.

Paid news is one such aberration," Jaitley said. In this age of competition, it may seem that quality is being compromised, he said, but added that he had faith that in the long run the best will succeed.