News media suffers new cuts
More evidence that the news media is in the dumpster emerged this week with the news that 500 workers lost their jobs last week. The layoffs occurred at Vice, Quartz, The Economist, Conde Nast and Buzzfeed. It is now abundantly clear the industry needs a new business model apart from ad revenue and subscription income. (Axios, May 20, 2020, by Sara Fischer and Scott Rosenberg) During the pandemic, people are clamoring for news, but ad