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  • US media sector braces for brutal year for jobs

    07/03/2019 12:38:05 PM PDT · by dynachrome · 33 replies
    yahooooooo ^ | 7-3-19 | unattributed
    The struggling US media industry is facing its worst year for job layoffs in a decade as news organizations continue to cut staff and close shop, according to a new survey. The consultancy Challenger Gray & Christmas reported this week that media companies, which include movies, television, publishing, music, and broadcast and print news, announced plans to cut 15,474 jobs so far this year, of which 11,878 of which were from news organizations. That is nearly three times more than the 4,062 cuts announced in the media sector in 2017 and the highest total since the economic crisis in 2009....