KATHMANDU: A recent report indicates that Nepali media endured a significant financial crisis throughout 2023, severely impacting the sustainability of a free press. The downturn in the advertisement market has led to widespread layoffs in media houses, exacerbating the crisis. The absence of a favorable legal and policy atmosphere further compounds the challenges faced by the media industry, according to the report released by Freedom Forum.
The report emphasizes the urgent need for intervention to rescue Nepali media, highlighting the critical juncture it currently faces—a 'sink or swim' stage. It calls for a supportive legal and policy environment, along...