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Here's One Industry Not Feeling The Trump Boom, and Maybe It Deserves It (Guess which one without first reading)
PJ Media ^ | 12/09/2019 | Matt Margolis

Posted on 12/09/2019 6:27:19 AM PST by SeekAndFind

While the Trump Economy is working great for most people, one industry hasn't been enjoying the boom: the media. According to Business Insider, the media industry is continuing to cut jobs this year.

The media industry continued to execute cuts in December and November as Gannett, Highsnobiety, and the CBC reduced headcounts.

The cuts followed large rounds of layoffs earlier in the year from companies including BuzzFeed, Verizon, and Vice Media.

The massive cuts this year represent a recent trend in media that has seen upstart companies and newspapers alike shrinking and disappearing.

It's not just print media that's not feeling the love. Buzzfeed experienced layoffs this year. An attempt to relaunch Gawker failed. HuffPost laid off 13 in its video department. ThinkProgress shut down in September. Even television media is experiencing a slow bleed.

NBCUniversal laid off 70 employees in two rounds in August and September.

In August, E! announced that as part of its decision to move it's "E! News" show from LA to New York, it would be laying off 20 to 25 LA employees, Variety reports.

In September, NBCUniversal announced that it would be laying off 45 more employees from E!, Oxygen, Bravo, and other properties, according to MediaPost.

CNN also let go about 100 employees in the spring as part of a "corporate restructuring" effort.

What's the reason for the media industry doing so poorly while other sectors are experiencing a boom? I don't know; I'm sure much of it is because the media isn't adapting, but I can't dismiss the possibility that trust in the media being at historic lows is playing a part, either.


(Excerpt) Read more at pjmedia.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: jobs; layoffs; learntocode; media
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1 posted on 12/09/2019 6:27:19 AM PST by SeekAndFind
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To: SeekAndFind

Shocked I tell you shocked.


2 posted on 12/09/2019 6:32:09 AM PST by duckman ( Not tired of winning!)
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To: SeekAndFind

More fake news. There is more to the “media” than the pack of lying propaganda ass-clowns working at the NY Times and CNN.

In spite of incessant attempts to censor, de-fund and de-platform, the alternative media is thriving like never before. Platforms I follow such as The Hagmann report, The David Knight show and the Common Sense show are adding programming and expanding their facilities.

People are still hungry for the truth, and they have come to understand that’s not on the Mainstream Media menu.


3 posted on 12/09/2019 6:32:14 AM PST by Junk Silver ("It's a little hard to herd people onto trains when they're shooting at you." SirLurkedalot)
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To: SeekAndFind
Didn't someone here on FR say that the Obama Administration from 2012 to 2016 gave away a lot of money to a number of Leftist media startups? And when that money dried up, these companies imploded?
4 posted on 12/09/2019 6:34:31 AM PST by RayChuang88 (FairTax: America's Economic Cure)
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To: SeekAndFind

Someone could make a fortune by launching an actual news service.


5 posted on 12/09/2019 6:50:37 AM PST by ctdonath2 (Specialization is for insects.)
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To: Junk Silver

More fake news? Are what you saying is the real fake news is drying up, such as CNN.

In the meantime “alternative media”, is flourishing? The alternative media being more truthful minded? I would tend to believe this, as the fake news folks have really made themselves obvious with their hatred of Trump. And the MSM fakes still hold the reins of power to make it appear a truth news does not exist.


6 posted on 12/09/2019 6:58:26 AM PST by redfreedom
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To: SeekAndFind

media = liars

media = anti-Free-America

media = integrity-free losers


7 posted on 12/09/2019 6:59:04 AM PST by hal ogen (First Amendment or Reeducation Camp???)
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To: hal ogen

Just think of the PGE gas explosion in San Bruno, Ca a few years ago. No reporters available so someone called in to say there was an airplane wing on the ground. They reported it. It’s like Sum Ting Wong and Wei Tu LO.


8 posted on 12/09/2019 7:02:21 AM PST by DIRTYSECRET (urope. Why do they put up with this.)
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To: SeekAndFind

My question to all those recent journalism graduates, “Can I supersize that order?”


9 posted on 12/09/2019 7:21:52 AM PST by Don Corleone (The truth the whole truth and nothing but the truth)
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To: SeekAndFind

Maybe if “the media” engaged in actual journalism they would do better


10 posted on 12/09/2019 7:26:01 AM PST by Nifster (I see puppy dogs in the clouds)
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To: SeekAndFind

Ahhh now they have to get honest work.


11 posted on 12/09/2019 7:27:44 AM PST by MNJohnnie (They would have to abandon leftism to achieve sanity. Freeper Olog-hai)
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To: SeekAndFind

The death of the media is truly wished for.However, I am not sure if we should believe any story they put out.


12 posted on 12/09/2019 7:31:29 AM PST by Lopeover (Patriots Fight)
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To: SeekAndFind

Really wish we could figure out a way to break the stranglehold that the Ministry of Propaganda has.


13 posted on 12/09/2019 7:32:12 AM PST by Lurkinanloomin (Natural Born Citizens Are Born Here of Citizen Parents_Know Islam, No Peace-No Islam, Know Peace)
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To: Lurkinanloomin
Really wish we could figure out a way to break the stranglehold that the Ministry of Propaganda has.

kill your television ...

they get a piece of every cable bill payment, whether you watch them or not.

14 posted on 12/09/2019 7:37:50 AM PST by bankwalker (Immigration without assimilation is an invasion.)
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To: Don Corleone
My question to all those recent journalism graduates, “Can I supersize that order?”

My statement to them is "Learn to code."

15 posted on 12/09/2019 7:41:36 AM PST by numberonepal (WWG1WGA)
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To: SeekAndFind
I read a different article that over 7000 media yobs went into the crapper last year.

I'm sorry about the unemployment number, but these weasels need to find a new yob.

16 posted on 12/09/2019 8:14:37 AM PST by USS Alaska (Nuke the terrorist mooselimb savages, today.)
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To: USS Alaska

Amazon is hiring.


17 posted on 12/09/2019 8:19:13 AM PST by woodbutcher1963
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To: USS Alaska

yobs

I think yobs are getting harder to find.


18 posted on 12/09/2019 8:20:44 AM PST by deport
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To: woodbutcher1963

Yes!

They can all be Amazon freight drivers.

We passed at least 6 Amazon Prime semis, on I-10, yesterday. Didn’t see ANY other two alike companies, just Amazon.

I try to see who is driving these rigs....mostly younger, foreign looking, but a few older white guys are in the mix, as well.


19 posted on 12/09/2019 8:21:56 AM PST by Jane Long (Praise God, from whom ALL blessings flow.)
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To: SeekAndFind

An answer to prayer! We need to pray even more that the President’s enemies don’t prosper in their wickedness, but that they repent and turn from their evil ways.


20 posted on 12/09/2019 8:23:02 AM PST by AmericanMermaid
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