vibe in media news lately. Every day, it seems, Punxsutawney Phil pokes his head aboveground to find more newsrooms laying journalists off or shutting down altogether. —the digital outlet that only a few years ago was winning all the prizes, hiring all the talent, and throwing all the parties—shuttered as its founder, Jonah Peretti, confessed he’d “overinvested” in the newsroom. , another once-swashbuckling shop, has filed for bankruptcy, joining so many others that have fallen on hard times after the ad market soured and Facebook turned off its traffic, NPR, and CNN announced layoffs, and corporate media owners squeezed what remained of local news, causing newspapers to disappear at the rate of more than two a week.
News Never Pays
Jun 14, 2023
3 minutes
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