Re: The Liberal Media Is Getting Slaughtered

[Bankrupt the NYT]

On 13 Feb 2022, Lefty Lundquist <lefty_l...@ggmail.com> posted some
news:suc7ki$s5q$1...@dont-email.me:

> Serves the bastards right. They shit in their employment beds, let
> them smell the results.

I wish I could say it’s a proper market correction because people were
tired of their lies and fake news narratives being published, but it’s
not. It might partially be due to that, but the ad bubble burst, and those
days will never return. The liberal media is bleeding all over, with some
newsrooms being decimated over revenue issues. As Axios wrote this
morning, it’s a “bloodbath.”

We saw the first signs of this in the early 2010s when news outlets began
curbing local beats. Again, the gravy train was at its high point then, so
most companies probably thought they could tread water, shifting all their
energy to national news stories. Alas, nothing lasts forever. The LA Times
has gutted one-third of its newsroom, with another 100-plus layoffs being
announced on Tuesday. Time Magazine, Sports Illustrated, and The
Washington Post stare at disaster. While the revenue issue is the first
blow, the unionization of staff writers and employees at these outlets
isn’t helping (via Axios):

Media cuts were so severe last year that most industry observers weren't
expecting such intense cutbacks in 2024. But an ongoing bloodbath is
decimating news outlets nationwide.

That's fueling a new round of conflict between unions and management as
tensions run high.

[…]

Business Insider yesterday announced it was eliminating 8% of its
workforce, months after a union strike over a contract impasse.

The L.A. Times this week laid off about 120 journalists (more than 20% of
the newsroom), after cutting 74 newsroom positions in June. Two top
editors resigned, less than two weeks after executive editor Kevin Merida
stepped down Jan. 9.

TIME on Tuesday told staff about an unspecified number of layoffs across
editorial, tech, sales and TIME Studios.

The Washington Post lost a whole newsroom's worth of talent at the end of
last year through a buyout offer aimed at eliminating 240 jobs.

Condé Nast saw hundreds of union workers walk off the job Tuesday to
protest hundreds of previously announced layoffs impacting approximately
5% of staff, or roughly 300 people.

Sports Illustrated's newsroom was gutted by sweeping layoffs after its
parent company, The Arena Group, failed to make a $3.75 million quarterly
payment to the group from which it licenses the Sports Illustrated brand.

Paramount CEO Bob Bakish warned employees yesterday that the company is
planning a fresh round of layoffs.

The New York Daily News editorial union walked off the job yesterday to
protest "chronic cuts" by its owner, private equity firm Alden Capital.

Forbes' newsroom union began a three-day walkout yesterday, arguing
management was union busting. Its CEO announced layoffs later that
afternoon hitting roughly 3% of the company.

With interest rates high, the publication added these companies cannot
take on new debt to bridge any shortfalls to buy time to figure out how to
stay afloat. For the woke kiddos who thought they could pull off a Marxist
renovation of America’s news industry, sorry, but it’s not happening.

And while I do feel bad for when most people lose their jobs, these
corrupt liars can languish in a sewer. I’ve never seen a class of folks
view themselves on par with first responders regarding essentiality. Even
worse, some viewed themselves as knights protecting the tenets of freedom
and democracy. The Washington Post’s ‘democracy dies in darkness’
perfectly captures that sentiment.

They also viewed non-liberals with scorn that oozed off the pages. ‘Learn
to Code’ was created by them to mock the scores of coal miners who were
about to lose their jobs thanks to Obama’s war on coal. Now, they’re
getting a taste of their own medicine, and it’s delightfully satisfying.

We all see you drowning, liberal media. But no one cares.

https://townhall.com/tipsheet/mattvespa/2024/01/26/the-media-is-drowning-
and-no-one-is-going-to-care-n2634238