Mediacide

The job market for wordsmiths appears to be taking a turn for the worse. From Mike Rosenberg of the Seattle Times:

Mike Rosenberg @ByRosenberg

Media cuts in last 2 weeks
*BuzzFeed: 15% of staff laid off (215 people)
*McClatchy (Miami Herald, KC Star, etc): 10% of staff offered buyouts
*Gannett newspaper chain: 400 layoffs
*Verizon (HuffPost, TechCrunch, etc): 7% laid off (800 people)
*Vice laying off 10% (250 people)

11:06 AM – 1 Feb 2019

(That’s over 1,665 people.)

Mike Rosenberg @ByRosenberg

These journalism cuts come despite record readership at a lot of places – but the digital ad money goes mostly to Google and Facebook and is so puny it can’t support news orgs. That’s why you see paywalls everywhere now – subscriptions are the only sustainable revenue source

Here’s a good overview of what’s going on that gives a more nuanced picture than the usual explanations that lay all the blame on Google and Facebook.

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