Sweet schadenfreude - journalism

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Not unexpected news from Bloomberg:

U.S. journalism job cuts haven’t been this bad since the recession
The news business is on pace for its worst job losses in a decade as about 3,000 people have been laid off or been offered buyouts in the first five months of this year.

The cuts have been widespread. Newspapers owned by Gannett and McClatchy, digital media companies like BuzzFeed and Vice Media, and the cable news channel CNN have all shed employees.

The level of attrition is the highest since 2009, when the industry saw 7,914 job cuts in the first five months of that year in the wake of the financial crisis, according to data compiled by Challenger, Gray & Christmas Inc., an outplacement and executive coaching firm.

When you keep spewing out the same Fake News, people are going to get tired of it and get their news from other sources. The advertising revenue is going to plummet. You may be virtue signalling and promoting the narrative of your elite masters in D.C. but it is not being accepted by us normals.

I really love this quote:

With the U.S. unemployment rate the lowest since 1969, the journalism job market is one of the rare weak spots, said Andrew Challenger, the firm’s vice president.

“In most industries, employers can’t find enough people to fill the jobs they have open,” he said. “In news, it has been the opposite story. And it seems to have been accelerating.”

Can't see the forest for the trees? Talk about living inside a bubble. Much more at the site - stories about people being laid off. Savor whilst sipping a nice chilled glass of liberal tears.

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This page contains a single entry by DaveH published on July 1, 2019 12:01 PM.

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