Here's One Industry Not Feeling The Trump Boom, and Maybe It Deserves It
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Thread: Here's One Industry Not Feeling The Trump Boom, and Maybe It Deserves It

  1. #1
    Ancient Gaseous Emanation Popeye's Avatar
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    Default Here's One Industry Not Feeling The Trump Boom, and Maybe It Deserves It

    MATT MARGOLIS
    DECEMBER 8, 2019


    While the Trump Economy [Only registered and activated users can see links. ], one industry hasn't been enjoying the boom: the media. According to [Only registered and activated users can see links. ], the media industry is continuing to cut jobs this year.

    The media industry continued to execute cuts in December and November as Gannett, Highsnobiety, and the CBC reduced headcounts.The cuts followed large rounds of layoffs earlier in the year from companies including BuzzFeed, Verizon, and Vice Media.

    The massive cuts this year represent a recent trend in media that has seen upstart companies and newspapers alike shrinking and disappearing.

    It's not just print media that's not feeling the love. Buzzfeed experienced layoffs this year. An attempt to relaunch Gawker failed. HuffPost laid off 13 in its video department. ThinkProgress shut down in September. Even television media is experiencing a slow bleed.

    NBCUniversal laid off 70 employees in two rounds in August and September.In August, E! announced that as part of its decision to move it's "E! News" show from LA to New York, it would be laying off 20 to 25 LA employees, [Only registered and activated users can see links. ].

    In September, NBCUniversal announced that it would be laying off 45 more employees from E!, Oxygen, Bravo, and other properties, according to [Only registered and activated users can see links. ].

    CNN also let go about 100 employees in the spring as part of a "corporate restructuring" effort.

    What's the reason for the media industry doing so poorly while other sectors are experiencing a boom? I don't know; I'm sure much of it is because the media isn't adapting, but I can't dismiss the possibility that trust in the media being at historic lows is playing a part, either. A recent Gallup Poll [Only registered and activated users can see links. ] "remain largely mistrustful of the mass media," and that an [Only registered and activated users can see links. ] of Americans believe that much of what the media is presenting is biased, inaccurate, or misinformation.

    It's worth noting here that media coverage of President Trump is [Only registered and activated users can see links. ]. Maybe the public is sick of media outlets that do public relations on behalf of the Democratic Party.

    Just a thought.




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    Senior Member NGF Addict! Northtidesix's Avatar
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    Unless or until they learn to report facts, not agenda, they can go tits up for all I care. If they can't do it right, they need to stop doing at all. They serve no useful purpose in our society.

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    "What's the reason for the media industry doing so poorly..........?"

    ".........the possibility that trust in the media being at historic lows is playing a part,....."

    "Maybe the public is sick of media outlets that do public relations on behalf of the Democratic Party."

    Perhaps the article's author should look at "Advertising Revenues", as all electronic and print media is in fact "business", and that requires "income".

    That @$#%&* "My Pillow" Mook is driving me nuts, but FOX News luvs the advertising revenue paid by him.
    gvaldeg1 and Northtidesix like this.

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