| Submit your comments on this article |
| -Signs, Portents, and the Weather- |
| US media sector braces for brutal year for jobs |
| 2019-07-06 |
| [ENGLISH.ALARABIYA.NET] 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 shops, according to a new survey. Learn to code 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. "Members of the media, especially journalists, have had a tough few years," said Andrew Challenger, vice president of the reliably Democrat Chicago, aka The Windy City or Mobtown ... home of Al Capone, a succession of Daleys, Barak Obama, and Rahm Emmanuel,... -based firm. "Many jobs were already in jeopardy due to a business model that tried to meet consumer demand for free news with ad revenue. As media outlets attempted to put news behind pay walls, in many markets, consumers opted not to pay," he added. Some of the notable events this year included the closing of the Youngstown Vindicator, the only daily in the Ohio city, with 144 jobs lost, and the sale of the New Orleans Times-Picayune resulting in the loss of some 160 positions, including 65 in the newsroom. But the troubles have also impacted the digital sector with BuzzFeed cutting 200 employees in January and Verizon eliminating 800 jobs in its media division, which includes Yahoo, AOL, and HuffPost, the Challenger report noted. The report noted that media companies have been unable to keep pace with Facebook and Google in tailoring ads for customers based on their interests, making it hard to generate online revenue. It also noted that a rise in browser ad blocking extensions has made it increasingly difficult to monetize online news. "Job cuts and consolidations are likely to continue until these companies are able to find ways to create growth in revenue streams," Andrew Challenger said. He added that subscription-based models will only work if news organizations can convince consumers of the importance and value of their news. "Another possibility for media companies is to monetize users’ personal data, as Facebook and Google have," he said. "There are obvious ethical implications and potential legal issues, however, especially as privacy laws begin to pass in various jurisdictions across the country. Ultimately, the quality of the country’s news will start to decline if we as users refuse to pay for it," he added. |
| Posted by:Fred |
| #8 "Learn to code." Huh huh, it appears that most of them are coding for the F-35 boondoggle! I won't pay for 'pay-walled' news, if i had to pay for all of this mostly worthless news, I'll be broke in no time., they need to come up with a better scheme. |
| Posted by: Seeking Cure For Ignorance 2019-07-06 19:19 |
| #7 " Well the world needs ditch diggers too." |
| Posted by: Judge Smails 2019-07-06 15:20 |
| #6 All they had to do was not lie. |
| Posted by: Bright Pebbles 2019-07-06 14:23 |
| #5 When you see your job as taking the raw AP/UPI newsfeed and adding/subtracting a paragraph or two then wandering over to the coffee machine ... why employ you? How many of these layoffs are useless drones that have zero real investigative experience? |
| Posted by: magpie 2019-07-06 11:53 |
| #4 I have no sympathy for the MSM; they've done this to themselves. We don't need to pay people for lying to us or for peddling disinformation and propaganda with the aim of putting the Donks in power. |
| Posted by: JohnQC 2019-07-06 10:40 |
| #3 Don't tell these MSM weenies to learn to code. We have enough trouble with software that we don't have to encourage a surge in incompetence. |
| Posted by: AlanC 2019-07-06 10:14 |
| #2 Learn to code. Add Google, Facebook, Twitter etc and redo the calculations. |
| Posted by: Bubba Schwarzeneggar3711 2019-07-06 08:18 |
| #1 ...And yet, the 'real job' sector - where people do actual labor for actual, tangible results - is enjoying unprecedented growth. Curious. Wonder why. Mike |
| Posted by: Mike Kozlowski 2019-07-06 07:37 |