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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