As we near the close of 2020, we wonder what the new year might bring to the entertainment and media industry. During these complicated 12 months, we have seen an apparent acceleration of the trends that had been in the works since the early 2010s. In 2021, that transformation of the market will only speed […]
Local outlets struggle during COVID-19
As we settle in our quarantines, we have more time in our hands to read the news—and sometimes obsessively. Thus, it’s not surprising that since the COVID-19 pandemic reached the Western hemisphere, news readership has surged dramatically. But what has also drastically changed is newspaper revenue. With businesses closing, the number of ads has plunged, […]
Subscriptions work, especially for the NYT
Last week, The New York Times disclosed in the fourth-quarter earnings report it had broken a record of its own—its subscription numbers. The paper has added over one million digital-only subscribers in 2019, in what Mark Thompson, the Times’ CEO, described as “a record-setting year for The New York Times’s digital subscription business, the best […]
The Internet has few winners; local papers are not them
The death of local journalism has made the news so many times it is no longer remarkable. Stories have gone national. Some people may read the local paper from time to time, but do they ever check their website? Moreover, if they do, do they pay for it? While a handful of newspapers have figured […]
Journalism is still male, but the tide is turning
In college, women fill journalism classes, while men remain a minority. But a few years later, when those students enter the workforce, the situation shifts. Men dominate newsrooms, outnumbering women on almost all occasions. Although the gap has decreased in recent years, women still lag in journalism—they represent only 41.7% of newsroom employees, according to […]
What the almost 3,000 journalism job cuts tell us about the media industry
The US economy is growing, companies are hiring, and the unemployment rate is the lowest since 1969—a meager 3.6%. It’s a party for almost everyone, except for journalists. In the first half of 2019, nearly 3,000 people were let go from newsrooms all over the country, traditional and digital media alike. The scarcity of revenues, […]