What’s Killing – and What Could Revive – Journalism in America
Journalism in America was a highly profitable business for more than a century until the internet – and other factors – disrupted the traditional business model resulting in decades of declining advertising and subscription revenue. Last week, the Los Angeles Times cut about 20 percent of its staff, adding to a growing list of news organizations making cuts in the past few months: The Washington Post, Business Insider, Sports Illustrated and NBC News. Meanwhile, hedge funds and private equity firms buying up newspapers has also changed the industry – a trend Bay Area filmmaker Rick Goldsmith…
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