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The media industry's current round of cuts and consolidation is accelerating.
Sizable layoffs at Buzzfeed, Gannett (Owns USA Today), and Verizon Media (home of AOL, Yahoo, HuffPost and others), were announced Wednesday. Totaling over 1,000 jobs cut.
Huffington Post is also eliminating the "Opinion" section from their publication.
Apparently, the downsizing trend hasn't hit big Main Stream Media (MSM) outlets yet, but this may be a harbinger of what's coming their way.
originally posted by: Ohanka
Declining readership will do that to you.
Buzzfeed in particular is a complete joke of an institution.
More at: www.foxnews.com...
NBCUniversal invested $400 million in BuzzFeed and the two companies have a “strategic partnership,” raising eyebrows about why the Peacock Network isn’t more transparent when covering the controversial website.
originally posted by: Middleoftheroad
Huffington Post is also eliminating the "Opinion" section from their publication.
Isn’t that their whole publication?
originally posted by: toms54
a reply to: carewemust
It's a good start.