It’s hard to imagine an industry more poorly prepared for the arrival of a global pandemic than the media business. Even before “coronavirus” became a household word, the industry was already reeling from a series of body blows, most of them delivered by Google and Facebook and their dominance of the advertising market. Since 2008, nearly half of US newspaper journalism jobs have disappeared, according to the LA Times, leaving fewer than 38,000 reporters, photographers, and editors. Waves of layoffs have become the norm, not just for large chains like Gannett and McClatchy but for smaller papers, and even for digital giants like BuzzFeed and Vox, who at one time were seen as the future of online media. Then along came COVID-19, and with it the unprecedented shutdown of entire cities, and the erasure of huge swaths of the advertising business. For many outlets, it will likely become what media analyst Ken Doctor calls “an extinction event.” For some it already is. The LA Times profiled one example of this sad trend. Jeff VonKaenel, 69, owner of the Sacramento News & Review and sister publications in Chico and Reno, has been running weekly newspapers for almost 50 years, and has survived wildfires, recessions, and being sued by a mayor. But the extinguishing of almost all his advertising in the wake of COVID-19 left him no other choice: four days after the virus was defined as a pandemic, VonKaenel shut down his presses for the last time and laid off all 40 members of... Continue reading at 'Columbia Journalism Review'
[ Columbia Journalism Review | 2020-04-20 11:45:00 UTC ]
The business news publisher Forbes announced a sweeping round of layoffs on Friday, which will affect roughly 5% of its total workforce. A representative for the company confirmed the reductions. In a note shared with staff internally, the newly appointed chief executive... Continue reading at AdWeek
[ AdWeek | 2025-01-31 19:41:55 UTC ]
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The conservative news publisher The Dispatch, which first launched on Substack in 2019, is staffing up and expanding its advertising business amid a nationwide shift in political sentiment. The 27-person outlet generated between $5 million and $10 million in revenue last... Continue reading at AdWeek
[ AdWeek | 2025-01-31 11:48:21 UTC ]
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RESPONDING TO THE SECOND TRUMP ADMINISTRATION: Kim Kelly on the how-tos and DOs and DON’Ts of mutual aid • Madeline ffitch on direct action and survival work in the face of fascism • Josh Cook on what the publishing industry can do in the face of authoritarianism. | Lit Hub Politics Matthew... Continue reading at Literrary Hub
[ Literrary Hub | 2025-01-25 11:30:02 UTC ]
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The free expression–averse, tariff-happy president is in the White House once more. This time, the book business knows what to expect—mostly. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-01-17 05:00:00 UTC ]
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The political news publisher The Washington Post began laying off 4% of its workforce Tuesday, the latest in a series of headaches to plague the storied news outlet over the last year. The reductions, which will affect fewer than 100 staff in total, will apply primarily... Continue reading at AdWeek
[ AdWeek | 2025-01-07 18:10:08 UTC ]
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Merging of daily newspaper and celebrity magazine employees is latest move by owner, Reach, to cut costsThe Daily Mirror is to merge its staff with those on the celebrity title OK! magazine in the latest move by the UK’s largest commercial news publisher to further cut costs.The plan to combine... Continue reading at The Guardian
[ The Guardian | 2024-11-23 15:06:40 UTC ]
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In a letter to members following the 2024 election, American Booksellers Association CEO Allison Hill voiced concerns about the future of the government's lawsuit against Amazon and the possibility of “new unconstitutional legislation and book bans” under a second Trump administration. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-07 05:00:00 UTC ]
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Brands are always on the hunt for new audiences. At ADWEEK's Mediaweek event in New York last week, executives from Coca-Cola's Bodyarmor Sports Nutrition and news publisher The Shade Room discussed how they're expanding their audiences by working with influencers and... Continue reading at AdWeek
[ AdWeek | 2024-11-04 19:20:03 UTC ]
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The financial news publisher Bloomberg Media is launching a Weekend Edition product on Friday, part of a broader initiative to boost subscriber retention and increase weekend readership. The content will focus on the intersection of finance and culture, a small departure... Continue reading at AdWeek
[ AdWeek | 2024-10-18 12:00:00 UTC ]
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Regional news publisher The Atlanta Journal-Constitution hosted the first upfront of its 156-year history last Tuesday, part of a broader bid from the news outlet to reintroduce itself to audiences and marketers as a modern media company. The term upfront has... Continue reading at AdWeek
[ AdWeek | 2024-09-23 13:53:12 UTC ]
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News publisher Guardian Media Group says it is in talks to sell The Observer newspaper to “slow news” outlet Tortoise Media Continue reading at ABC News
[ ABC News | 2024-09-17 16:30:04 UTC ]
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French news publisher Le Monde launched its English-language product, Le Monde in English, two years ago, with the goal of generating 30,000 subscribers by the end of 2023. It has since fallen short of that goal, according to business development officer Arnaud Aubron,... Continue reading at AdWeek
[ AdWeek | 2024-04-25 10:00:00 UTC ]
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Political news publisher Splinter relaunched Tuesday morning, three months after it was acquired by Paste Magazine in a package deal, alongside feminist publisher Jezebel, from G/O Media for an undisclosed sum. Splinter has been dormant since November 2019, and it plans... Continue reading at AdWeek
[ AdWeek | 2024-03-26 10:17:56 UTC ]
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Berrow’s Worcester Journal is one of several papers owned by the UK’s second biggest regional news publisher to hire ‘AI-assisted’ reporters On 7 October 1779 a letter appeared in Berrow’s Worcester Journal. “To the printer,” wrote a disgruntled reader. “I take the liberty of informing you and... Continue reading at The Guardian
[ The Guardian | 2023-12-28 14:03:33 UTC ]
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OpenAI will pay German publisher Axel Springer to use its news articles to train its AI models and show real-time information from Axel Springer's brands, which include Business Insider and Politico in the US and Bild and Welt in Europe, in ChatGPT’s responses. None of the companies disclosed... Continue reading at Engadget
[ Engadget | 2023-12-13 20:03:27 UTC ]
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The general interest news publisher The Messenger, which launched in May with an ambitious vision for its reach and revenue, has penned a multiyear, multimillion-dollar partnership with the artificial intelligence company Seekr, according to president Richard Beckman. Among other elements of the... Continue reading at AdWeek
[ AdWeek | 2023-10-04 11:00:00 UTC ]
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Business and financial news publisher Bloomberg Media is restructuring its sales and marketing divisions around industries like tech, finance, auto, luxury and consultancy, rather than geography, to streamline operations and strengthen its appeal to advertisers, according to chief revenue... Continue reading at AdWeek
[ AdWeek | 2023-09-28 10:30:00 UTC ]
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Showing that publishers are better off controlling their own programmatic destiny, news publisher Salon has grown revenue after cutting off access to its inventory for the vast majority of resellers earlier this year. That increase comes that's from being able to charge more for its inventory... Continue reading at AdWeek
[ AdWeek | 2023-08-16 11:53:00 UTC ]
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The U.S. outpost of the general news publisher The Guardian finished the first quarter of its fiscal year, which ended June 30, with advertising revenues up 42% year over year, according to senior vice president of advertising Luis Romero. The hikes buck common trends most publishers are seeing.... Continue reading at AdWeek
[ AdWeek | 2023-07-12 08:56:56 UTC ]
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