Posted on 01/26/2007 6:55:25 AM PST by IrishMike
U.S. media job cuts surged 88 percent in 2006 from the previous year, a downsizing trend expected to continue this year, a survey said Thursday.
The media industry slashed 17,809 jobs last year, a nearly two-fold increase from the 9,453 cuts in 2005, outplacement consultancy Challenger Gray & Christmas said.
The figure was the industry's largest annual job-cut total since 43,420 media job cuts accompanied the collapse of the technology bubble in 2001, the survey said.
"A sea change in the way people get and read news, not to mention the way they search for jobs, used cars and consumer products, was the primary contributor," the company said.
Media companies, including the New York Times Co. and Time Inc., have already laid off 2,000 employees in 2007, Challenger noted, saying the cuts suggested the downsizing trend would continue.
"These organizations will continue to make adjustments as their focus shifts from print to electronic," Chief Executive John Challenger said. "Until they can figure out a way to make as much money from their online services as they are losing from the print side, it is going to be an uphill battle."
(Excerpt) Read more at upi.com ...
could not happen to a nicer group of people, imo
Sniff. Boo hoo. Not. Those hypocritical and dishonest bastards are getting exacly what they deserve.
But I suppose as long as it is newly minted lefties out of college getting the axe while Pinchy and his gang continue to live off their inheritance, nothing will change.
At some point you'd think even management would be feeling the heat, though, as this poor performance has got to be kindling a stockholder backlash.
I wonder if this is having an effect on enrollment in journalism "schools" at universities. They typically are rather left wing departments.
And expecting to find it in an expanded government . . . whether it be an enlarged PBS or a new public affairs department in an expanded government program.
And to think--they STILL don't get it!
The headline doesn't match the actual story. The media job cuts INCREASED by 88% over the previous year, but U.S. media jobs were not slashed 88%.
UPI sensationalist headline.
Yeah, they think going "online" is their great salvation, but it just means that they've got to compete in the great pantheon of ideas called the internet. They're just another voice in the world-wide stadium.
What's also ironic is that the "means of production", in this case the printing presses, distribution network, etc., has truly been taken from the bourgeois and handed over to the proletariat. Viva La Revolucion, Big Media!! Your workers' paradise is here!
I think I'll start calling them The Bleeding Media.
But, with all these job cuts and bureaus closing, how will we get hard news from all corners of the world? Do we really want to trust the news we get from... blogs?????
Had to post the headline as printed,
the UPI employee who initially put it to print must be one of them getting the axe, or deeply depressed
.... or both.
well... it's a start!
Yeah, I noticed that. Let's let them discover it on their own. Why help the media anyway? They are making themselves look stupid.
YOU DON'T GET IT! IT'S THE WRONG PROLETARIAT!
/fake shouting. HA! "I'm lovin'it."
LOL...no wonder the Lefty lap-dogs in the msm think the economy is in a depression. Of course, the productive parts of our economy are flourishing, but these parasites, who produce nothing but distortion and deception, are not in those businesses. In the wasteland of the biased media, we see massive collapse as it stumbles toward oblivion. America will be the better for their demise.
Doing a crappy job of reporting the news, trying to foist editorializing as "news," deliberately witholding information as a way of skewing what we see and read, trying to use the media as a tool for social engineering - nah, those couldn't be the reasons!
.....how will we get hard news from all corners of the world? Do we really want to trust the news we get from... blogs?????
.
.
.
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Same as now, being selective and FReepin
No wonder they think the economy is in the toilet under Bush....
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