rapidly declining circulation, fewer pages per newspaper and less overall revenue has meant fewer journalists. Indeed, there are now far fewer people working for American newspaper publishers than at any point since WW2

Radio advertising is projected to decline 14% in 2020. Covid-19 has a mortality rate of 4.1% in the US (note: this may decline dramatically as we get our act together on testing). Among US media firms, the death rate will be 10-20%. Firms ranging from Condé Nast to Viacom are furloughing/laying off people as Facebook and Google ramp up hiring. How... See more

In recent months, two macro trends have rocked the media industry: publications have pivoted hard to a subscription-first model, and thousands of journalists have been laid off.