"Newsrooms typically immersed in political coverage during a presidential election year are instead focused on saving their own businesses."
Choice of image used: Illustration of several ships made out of origami newspaper circling down a maelstrom.
Media scrambles for survival ahead of 2024
Newsrooms typically immersed in political coverage during a presidential election year are instead focused on saving their own businesses.
Why it matters:
To do so, many are trying to recruit executives with experience managing paywalled newsrooms.
- Major restructurings, layoffs and newsroom overhauls are unusual for America's biggest news companies just months ahead of a highly anticipated presidential race.
- With business headwinds growing stronger, news leaders know they can't afford to push off changes any longer
- Subscription media growth has slowed as publishers struggle to replace customers who canceled their Trump-era subscriptions.
The Washington Post
CNN
The Wall Street Journal
ABC News
Outline of massive changes to editorial structures
More American media companies are focused on consumer revenue amid a weak advertising market and increasing threat from AI.
That often comes at the expense of diversity, and in many cases, includes a focus on British talent.
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