FAKE NEWS MEETS IT'S DEMISE RIGHT ON TIME JAN. 2025
23 Jan, 2025 14:54
CNN to lay off hundreds – media
The redundancies are set to come amid a shift in focus to a digital audience, CNBC has reported
CNN is planning to axe hundreds of its 3,500 workforce as soon as Thursday, people familiar with the matter have told rival US network CNBC. The US media multinational is reorienting towards digital audiences and away from TV.
The Warner Bros Discovery asset must reportedly reduce its TV production costs, consolidate teams and expand its digital subscription offers, CNBC claimed on Wednesday, citing anonymous sources.
The cuts are not expected to affect the CNN’S most recognizable names, the sources said, adding that several shows that are currently produced in New York or Washington could move to Atlanta.
The multinational introduced a digital paywall last October, when it began charging a monthly fee of $3.99 from its frequent users.
NBC News, owned by Comcast, the world’s fourth-largest broadcaster by revenue, isalso planning job cutsthis week, CNBC noted, citing sources familiar with the situation, who claimed that the layoffs would impact less than 50 staff.
The current news media landscape is in transition aswatching linear TV is becoming less popular, with more people consuming news on streaming services and through social media. (That’s not the only reason they are cutting workforce,why won’t any of them admit their “news” is shit and mostly liesabout politics and the world. They are all dishonest and gotten away with the lies for ever. Mark Pincus the billionaire was shocked when he found out the news media lied about Trump for years, and he believed it.)
The Washington Post announced earlier this month that it would dismiss around 4% of its workforce in an effort to reduce costs amid increasing losses. In November, the Associated Press announced plans to slash some 8% of its workforce as the news agency seeks to update operations and products.
https://www.rt.com/news/611507-cnn-lay-off-hundreds/
13 Jan, 2025 19:52
Washington Post web traffic plummets nearly 90% – media
The outlet’s online visitor average has tanked by around 20 million daily active users since 2021, Semafor has reported
The Washington Post’s web traffic hascratered over the past four years, with daily active users droppingfrom a high of 22.5 million in January 2021when outgoing President Joe Biden took office,to around 2.5-3 million by the middle of 2024, according to internal data shared with news website Semafor. (That's almost an unbelievable drop, all because of their drool how great Joe was, and their lies about Trump)
Internal financial and editorial struggles are rampant at the Jeff Bezos-owned broadsheet, according to variousreports, with the paper’s rivals poaching talent, ad revenue falling dramatically, and layoffs on the horizon.
In April last year, the Washington City Paper reported that the nosedive in the Post’s traffic was so staggering that the paper stopped sharing its traffic information publicly. An ‘Audience & Traffic’ tag on the website, which had been regularly updated for years, has not been updated since January 2023.
Last week, the Wall Street Journal reported that thePost’s advertising revenue fellfrom $190 million in 2023 to $174 million in 2024.
Leaders at the paper are “strugglingto convince staff that they have a clear editorial vision and continuing commitment to hard-hitting journalism” and rivals have poached top talent, with more exits on the way, the WSJ said, citing over a dozen insiders.
The reader exodus gathered steam in October last year, when Bezos decided to withhold an expected endorsement of outgoing Vice President Kamala Harris during the presidential election against now-President-elect Donald Trump. In an op-ed, Bezos argued that endorsements from newspapers “do nothing to tip the scales in an election,” and “create a perception of bias.”
The move backfired, however, resulting in a reported 250,000 canceled subscriptions just weeks before election day, or about 10% of the Post's 2.5 million paid subscribers, according to NPR.
Last week, the Post announcedit was laying off around 4% of its staff. The cuts will affect nearly 100 workers in the paper’s business division, including sales and marketing, as well as its IT units, it said.
The job cuts are “all in service of our greater goal to best position The Post for the future,” the paper’s statement said. (That doesn’t sound convincing at all.)
https://www.rt.com/news/610828-washington-post-traffic-plummets/