News Formal

Digital media promised revolution. And a bloody business it's been

  • 📰 latimes
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 82%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Column: BuzzFeed News is the latest victim of a digital revolution that confused 'new' with 'sustainable.' And the rank-and-file, not CEOs, are left to face the blade

Not surprisingly, all manner of digital media have been experiencing their own Great Terror — mass layoffs from media companies as varied as Google and Yahoo, Vice and Vox echo the ongoing layoffs and closures of print publications across the country, the culmination of a cycle begun more than a decade ago.

What do we do? Hell if I know. I’m writing this for a legacy media company that was saved at literally the 11th hour by a billionaire who believes journalism matters; in the years since then, every member of this staff has done their level best to make him not regret it. I hope it is working.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BuzzFeed News Is Shutting Down, Company Laying Off 180 StaffersBuzzFeed is shutting down BuzzFeed News because it is not able to turn a profit, according to a memo CEO Jonah Peretti sent to company staff Thursday. The digital publisher is laying off 15% of its employees, or about 180 people, across BuzzFeed News and other divisions. Going forward, BuzzFeed will concentrate its news efforts […]
Source: YahooNews - 🏆 380. / 59 Read more »