As media layoffs grow, industry pleads for urgent relief

News outlets have begun layoffs, furloughs and pay cuts even as readers increasingly turn to the media for reliable information about the coronavirus outbreak.

The Tampa Bay Times said it would cut its print editions to only Sundays and Wednesdays due to the sharp ad revenue drop. Ken Doctor, a media analyst and consultant, highlighted the irony of the situation, with the public needing independent information more than ever.“They have been trying to come to grips with being truly digital and most of these outlets have been too slow.”

Some modest relief efforts are underway. Facebook said it was committing $100 million to help news organizations confront the crisis including with some “emergency” grants. “The industry was already suffering and entered this crisis without enough workers to cover this story,” the union’s president Jon Schleuss said in a message to members. “Now, we’re facing a possible extinction.”

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As media layoffs grow, industry pleads for urgent reliefMany local news organisations are facing ‘an existential crisis’. FMTNews NY 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
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