Saturday, October 18, 2014

Media crisis: Not only death and taxes are certain but also media layoffs and cutbacks

The media business has eventually entered into a state of permanent
misery. Newspapers for instance turned out to be mortal as well,
publications that do after all not exist in all eternity. It is just a 
matter of time when the next newspaper will cease to exist.

There are the monthly newspaper ABCs dutifully noting the declining
number of sales. Month for month, they steadily lose buyers.

When using the search words "media layoffs" or "newspaper layoffs"
(+ news) up come the lot of recent notices and reports to that effect.
CNN for instance is just laying off 300 staff. It should not come as
a surprise as the number of viewers of cable news channels in the US 

The magazine business is also in serious decline. Conde Nast, among
others, is axing staff. The media consumers are getting rid of ever
more newspapers, magazines, TV subscriptions.
A women's magazine therefore upgrade it's readers about the
layoffs, the cutbacks, obviously aware that the female readers
are frustrated with the media, willing to say a soft bye bye.