Job cuts at newsrooms are up practically 170 p.c in the first half of 2020 in comparison with the similar interval in 2019, in line with outplacement agency Challenger, Gray & Christmas.
Newsrooms have made 11,027 cuts to this point in 2020 in comparison with four,087 in the first half of 2019, in line with the agency.
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“Newsrooms have had a rough few years, as revenues declined and consolidation in the industry decimated news teams. Coupled with a hostile environment for many journalists, news has become an increasingly difficult career path,” Andrew Challenger, senior vice chairman of Challenger, Gray & Christmas, mentioned in a press release.
Newsroom job cuts are at the highest stage for the first half of the year since the agency began monitoring them in 2003. Newsrooms introduced greater than 14,000 cuts in 2008, in line with Challenger, Gray & Christmas.
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The survey comes shortly after hedge-fund supervisor Chatham Asset Management LLC received a chapter public sale for McClatchy Co., which publishes 30 every day newspapers.
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