The pace of journalistic job cuts in the U.S. and U.K. slowed in February, according to the UK’s Press
Gazette.
There were roughly 210 layoffs in February, down from more than 900 in January.
The affected titles include The Washington Post, The Wall Street
Journal, Dotdash Meredith, BBC World Service, the UK's Mail publications, CNN, NBC News and Forbes, Press Gazette reports.
The City Journal opines that last
year’s job cuts signal the collapse of the news industry. “Earlier strategies — paywalls, merging with e-commerce, membership models, digital platforms, foundation and philanthropic
funding — all failed to rescue individual publications, much less the entire industry,” it states. “Those few investors or donors who do remain tend to care more about their special
agendas than about journalism per se. Hopes for maintaining the press as it once existed have vanished.”
Hopefully, this will turn out to be an exaggeration.
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