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Journal Article
Money in Journalism? Know Where to Look
2019
Overview
Since 1995, American newspapers have trimmed 65 percent of their jobs, leaving new media companies with their savvy digital business plans as the last great hope for a stable job market in written journalism. (TV news job numbers have held steadier.) But layoffs rocked the whole journalism world late last month, devastating legacy and new media companies alike. Investors are realizing, Sterling surmised, that even with great effort and years to build audiences, digital profits may always be modest, \"with no clear path to further growth.\" [...]just as I never dreamed in my first newsroom 38 years ago that I'd be writing stories read on mobile phones, today's digital journalists may be shocked by some paradigm-shifting business model or technology just over the horizon.
Publisher
Journal Publishing, Inc,Arkansas Business
