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It’s not all of a sudden. I worked for a McClatchy newspaper before 2010. This was before what now seems like annual layoffs, but there were still large cutback
by danso 8y ago
It’s not all of a sudden. I worked for a McClatchy newspaper before 2010. This was before what now seems like annual layoffs, but there were still large cutbacks and buyouts because McClatchy made the mistake of buying the Knight Ridder papers (which includes the San Jose Mercury News and Miami Herald) at peak price, taking a huge loan to do so, not realizing that newspapers were a downward spiraling industry. McClatchy has been saddled with massive debt since, and while I was there, digital revenue wasn’t even enough to cover the debt interest.
- 52-6F-62 8y agoI pointed this out in another one of the lay-off topic HN threads (the linked twitter thread isn’t me) You’re plenty spot on within the entire media world. https://threadreaderapp.com/thread/1088503510184927233.html https://threadreaderapp.com/thread/1088503510184927233.html
- um_ya 8y agoIt would be interesting to know how much of this news comes from selling advertisements, vs selling stories. If a company isn't making money from ads, then they're getting money from somewhere else.
- 52-6F-62 8y agoA basic breakdown is: Ads Subscriptions Cover sales Syndicationed content Ads are probably the main source now, but subscriptions are still a main source as well. In some cases investments in production tools or systems or even original creations can be a boon. Actual percentages would vary amongst publishers