News organisations like The New York Times which relies on subscriber revenue may weather crisis better.
“We will be engaging with elected representatives in a discussion of options for actions the federal government could take to help sustain our local news ecosystem,” said the letter from the News Media Alliance and America’s Newspapers, which represent hundreds of media groups. The Times-Picayune and The Advocate, the largest news organisation in New Orleans, is to furlough about 10% of its staff due to the slump, and C & G Newspapers has suspended publication of its 19 print newspapers in the Detroit area.
Doctor said the news organisations which have been relying more on subscriber revenue, such as The New York Times and Wall Street Journal, may weather the crisis better. The NewsGuild, which represents about 25,000 journalists at 200 outlets, called Wednesday for a public fund to support newsrooms and media workers to prevent layoffs, along with tax credits and deductions for news subscriptions.
Yes, urgently need help. Now banks are reluctant to grant new loan indirectly. Many Branches closed, eg in Johor Bahru, according to reliance sources, Hong Leong Bank only 4 branches open with limited service excluding sme, housing loan etc during MCO period