Mediapocalypse Now

James Poniewozik – Time

Copyright Time
An excerpt:
“Journalists now read the business pages the way octogenarians read the obituaries. The Tribune Co., which owns the Chicago Tribune and the L.A. Times, declared bankruptcy. National Public Radio laid off 7% of its staff. The New York Times mortgaged its headquarters. Media companies from Viacom to NBC to Gannett to (gulp) Time Inc. had massive layoffs. Newspapers contemplated not publishing on certain days, going online-only or closing altogether. It’s enough to make journalists wonder, Is this the end?”
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