This document provides an overview and summary of a World Economic Forum report on the implications of digital media for society. It finds that digital media is fundamentally changing how people interact, work, learn and engage in civic life. While digital media provides many opportunities, it also poses some risks if its negative impacts are not addressed. The report is based on research from five countries and aims to raise awareness of these issues and stimulate discussion and action among stakeholders. It calls for public-private collaboration to maximize the benefits of digital media while mitigating the risks.