What’s new: The news industry is facing an onslaught of grim headlines as it struggles to adapt to the digital age. Layoffs, closures, and reader fatigue have hit news organizations even as the U.S. heads into a consequential election year.
Why it matters: The pain is especially pronounced at local papers. On average, five close every two weeks as over half of U.S. counties become “news deserts.” Just one in five public radio stations produces local news.
The details: National outlets are also challenged. Corporate belt-tightening at parent companies like Disney and NBCUniversal has led to cuts at ABC News and NBC News. CNN, Warner Bros. Discovery and CBS News also face uncertainty.
The bigger picture: The Times and Post aimed for comebacks under billionaire owners but still lost tens of millions last year. This month the Post offered buyouts while the L.A. Times had extensive layoffs after its editor clashed with its owner.
What they’re saying: “The news industry faces deep challenges in keeping Americans informed amid seismic changes. Its future remains uncertain even with committed billionaire backers. Outlets must adapt quickly or risk irrelevance.”
