Coronavirus-Driven Downturn Hits Newspapers Hard as TV News Thrives
Among the six publicly traded newspaper companies studied, second-quarter advertising revenue fell by a median of 42% year over year.
Nearly 2,800 newspaper companies received paycheck protection loans, and most were under $150K
Though this figure is a sliver of all PPP loans lent out to small businesses as of August, it represents a large segment of U.S. newspaper companies.
10 charts about America’s newsrooms
Mergers, closures and layoffs have affected many media organizations. Here are 10 charts on the state of newsroom employment in the U.S. today.
U.S. newspapers have shed half of their newsroom employees since 2008
Newsroom employment across the United States continues to decline, driven primarily by job losses at newspapers.
Fast facts about the newspaper industry’s financial struggles as McClatchy files for bankruptcy
U.S. newspaper circulation fell in 2018 to its lowest level since 1940, and newspaper revenues declined dramatically between 2008 and 2018.
5 key takeaways about the state of the news media in 2018
Newspaper circulation in the U.S. reached its lowest level since 1940, and the audience for local TV news has steadily declined.
Newspapers Fact Sheet
Newspapers are a critical part of the American news landscape, but they have been hit hard as more and more Americans consume news digitally.
Social media outpaces print newspapers in the U.S. as a news source
One-in-five U.S. adults often get news via social media, slightly higher than the 16% who often do so from print newspapers.
Newsroom employees earn less than other college-educated workers in U.S.
Newsroom employees are more than twice as likely as other U.S. workers to be college graduates. But they tend to make less money than college-educated workers in other industries.
About a third of large U.S. newspapers have suffered layoffs since 2017
Newspaper layoffs have far from abated in the past year, and digital-native news outlets are also suffering losses. At least 36% of the largest U.S. newspapers and at least 23% of the highest-traffic digital-native news outlets experienced layoffs between January 2017 and April 2018.
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