US media rocked by layoffs amid economic gloom

NEW YORK - From CNN to the Washington Post, US media are facing tough times, as a series of outlets have announced layoffs this winter amid fears of an economic downturn.

Meghan McCarron, an award-winning journalist who spent more than nine years at Eater, a food website owned by Vox Media, tweeted on Friday she was among those laid off – while 37 weeks pregnant. “I’ll be figuring out my next move. I’m a data reporter but I also write and produce,” tweeted Emily Siegel, who was let go after five years as an investigative reporter at NBC. “I’d love to keep doing this work. My are open.”The media layoffs are not as dramatic as those rocking tech giants such as Microsoft andBut they are a consequence of falling advertising revenue amid a gloomy economic climate, said Chris Roush, dean of the School of Communications at Quinnipiac University in Connecticut.

“Journalism has been under pressure for a long time, and a number of companies seem to think this is an opportune time to reduce their labour costs - hurting both journalists and journalism,” the Writers Guild of America, East said in a statement to AFP. He added that the layoffs would affect “a single digit percentage of our employee base” of some 2,500 people. Hires for other positions can continue, the paper said.

The cuts took place as the company underwent a restructuring following a merger between Warner Media, which includes CNN and HBO Max, and Discovery. The merger resulted in the creation of the Warner Bros. Discovery mega conglomerate.

straits_times When is the turn for Singapore media like CNA, straits times etc ?

straits_times Post pandemic, nobody trusts legacy media & their affiliated media network, controlled by mercenary intel agencies on behalf of the elites.

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