Because how can you not love a baseball player named "Bubba"?
The economic crisis is hitting the media hard. Gannett laid off 10% of its staff. The Chicago Tribune (owner of the Cubs) is bankrupt, as is sister paper the Los Angeles Times. CNN laid off its entire science department, including Miles O'Brien. The New York Times was forced to take out a mortgage on their building last week. Christian Science Monitor is going web-only, no longer printing a dead-tree version. The Detroit Free Press and the Detroit News are considering delivering papers only three days a week, and asking their subscribers to read the paper online on other days.
This article from AFP has a summary:
US newspapers struggling to survive
Circulation is dropping, print advertising revenue is falling and readers are going online to get news for free, leaving the US newspaper industry awash in red ink and threatening some of the biggest names in journalism.
"The business model that used to work at newspapers does not work any more," The Washington Post Co chairman Donald Graham said last week, echoing what many observers of the US media landscape have been saying for some time.
...The crisis gripping the industry is of course no laughing matter to the 15,422 newspaper employees who have been laid off this year or taken buyouts, according to figures compiled by Erica Smith, a St Louis Post-Dispatch journalist who tracks the cuts on her blog at graphicdesignr.net/papercuts/
Media job losses are also being updated several times a day on a feed on micro-blogging service Twitter started last month by a group of public relations agents called The Media Is Dying (twitter.com/themediaisdying).
Not a day goes by without more bad news for the newspaper industry as the financial slowdown accelerates the decline in print advertising revenue and more classified advertisers turn to free websites such as Craigslist.com.
Add a comment