Through an industrial questionnaire survey in-depth interviews with publishers, this study examines how digital platforms have affected Taiwanese publishers in the 2010s. Transnational platforms have resulted in revenue destruction and distribution dependency for local news publishers. The circulation of newspapers and magazines has decreased by approximately 50%, and advertising revenue has decreased by 80% and 60% respectively. Newspapers and magazines’ share of the media advertising market has decreased from 30% to 3.5%, and that of the Internet has increased from 20% to 65%. Google and Facebook dominate the advertising market with their collective share of the online advertising market being estimated at 60-80%. The news production has become reliant on these two platforms. Digital platforms determine algorithms, content, and profit sharing and dominate the media. To improve the quality journalism, this paper suggests the transparency of platforms’ algorithms and the establishment of an independent news funds by taxing the platforms.