The Atlantic / Paul Farhi
“The same old story, only worse”: The latest round of media layoffs feels especially ominous →“What makes this so unnerving is the fact that the meltdown has come amid—and in seeming defiance of—a generally booming economy. The ranks of professional journalists keep declining even as overall unemployment stays low, incomes rise, and the stock market reaches new heights. What’s more, a presidential-election cycle tends to produce a surge of readers, viewers, and advertisers as people pay closer attention to the news. Not this time, at least so far: Traffic to leading news sites and Nielsen ratings of national cable news trended down throughout 2023.”
Reuters Institute for the Study of Journalism / Laura Oliver
Reuters / Brendan O'Boyle and David Alire Garcia
Bloomberg / Thomas Buckley
New York Times / Kevin Draper and Benjamin Mullin