Opinion: Billionaires who are brave enough to enter the publishing space don’t mind losing money on it—they call it “investing”—until the day they do
The Jobs cuts—pun intended—are different from the media layoffs scattering the landscape like scenes of battlefield carnage. The running tabulation of media layoffs, furloughs and pay-cuts by Poynters’is enough to make the darkest newsroom cynic choke on his own bile. Alt-weeklies, dailies, monthlies, digital, TV and radio—every media entity that depends on advertising or corporate support—has been savaged by the coronavirus pandemic’s economic downturn.
that increased its headcount by 30 percent, so today’s reductions aren’t quite as draconian as they sound. Last fall, well before the contagion announced itself, the
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