True. So true.
Posted on 04/18/2020 6:26:27 PM PDT by Bruiser 10
The news media business was shaky before the coronavirus started spreading across the country last month. Since then, the economic downturn that put more than 22 million Americans out of work has led to pay cuts, layoffs and shutdowns at many news outlets, including weeklies like Seven Days in Burlington, Vt., and Gannett, the nation's largest newspaper chain.
Finding a sizable audience has not been a problem for publishers. Hunger for news in a time of crisis has sent droves of readers to many publications. But with businesses paused or closed — and no longer willing or able to pay for advertisements — a crucial part of the industry’s support system has cracked.
Hard data on job losses is not yet available, but Jed Kolko, the chief economist at Indeed.com, said new listings for jobs in the media and communications sector had fallen 35 percent in the 60 days before April 3, compared with the same period last year. The decline in postings for all jobs was less drastic, at 24 percent, suggesting that the pandemic has had a greater effect on the news media industry than on other businesses, Mr. Kolko added.
The New York Times is continuing to gauge the pandemic’s effects on newspapers, magazines and digital media companies through interviews with executives, newsroom employees and union leaders across the country. All told, an estimated 33,000 employees of news media companies in the United States have been laid off, furloughed or had their pay reduced since the arrival of the coronavirus.
(Excerpt) Read more at nytimes.com ...
All told, an estimated 33,000 employees of news media companies in the United States have been laid off, furloughed or had their pay reduced since the arrival of the coronavirus.
About the same number of deaths from the virus itself in the US.
True. So true.
After they created the complete hysteria in the country, covered for the Chi Coms they now are reaping their just rewards LOL, LOL!!! BASTARDS!! I couldn’t be happier!!
To be a part of the media one has, it seems, to be a crazy liberal who hates The Donald.
Piss up a rope there media folks.
Not a wit of sympathy for you ass clowns.
It’s about time for some positive news.
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