Nobody in journalism makes any money, especially not compared to 20 years ago. Advertisement revenue was cut in half, because the inventory grew, and the middl

Nobody in journalism makes any money, especially not compared to 20 years ago. Advertisement revenue was cut in half, because the inventory grew, and the middle men (google and facebook) started taking half of it. At exactly the same time, subscription revenue also dropped by about a quarter for most publications. And, at least as important, the cash cow of publishing has almost completely disappeared: classifieds, obits, and job ads.