Sultan Knish- The winter freeze might have shut down entire cities, but it couldn’t slow down job growth as the economy roared through the cold and shattered projections with 304,000 non-farm jobs in January.
There were job gains everywhere from transportation (27,000) to health care (42,000) to hospitality (74,000). Under Trump, construction gained 338,000 jobs in 12 months while manufacturing picked up 261,000 jobs in that same period. There was good news for many industries, but bad news for one.
The media is freezing colder than the polar vortex with thousands of lost jobs in January and February.
Gannett, the giant behind USA Today and many local lefty papers such as the Arizona Republic, the Detroit Free Press and the Milwaukee Journal Sentinel, fired 400 employees.
McClatchy, another newspaper giant, which publishes the Miami Herald, the Kansas City Star and the Charlotte Observer, among many others, announced voluntary buyouts for 10% of its employees after having fired 3.5% of its staff or 140 employees back in August. Tronc, another publishing giant, has already been making major cuts at newspapers like the New York Daily News and the Los Angeles Times.
Reuters expects to cut 3,200 jobs or 12% of its global workforce, closing 55 offices by 2020. BuzzFeed fired 15% of its staff or 220 employees, wiping out its national security desk, most of its national news desk, LGBT team and entertainment team.
h/t Forcibly Deranged.
McClatchy took over my local Conservative paper then slowly whittled away at the Conservativism until I counted 10 anti-Trump political cartoons in a row (I started cutting them out to count) when I cancelled my $400+ subscription.
That was right during that time two McClatchy reporters falsely claimed Cohen’s phone pinged a tower in Budapest or wherever.
I can get lots of fake anti-Trump propaganda for free.
It’s a shame.
I had subscribed for decades.
When you no longer have a business partner in the reich, the need for the Ministry of Propaganda is lessened.
This country is built on free speech….. Not tainted speech.
At one time they had a captive audience…. Now, no longer.
Imagine where the media would be without all of the government subsidies…
“Print publications of all kinds also benefit from a wide range of tax breaks that have been specifically designed to help news outlets. There are special tax provisions in the federal tax code and in most states. Collectively, they account for hundreds of millions in lost tax revenues. For example, the federal tax code has provisions for the special treatment of publishers’ circulation expenditures as well as special rules for magazine returns. Those two sections of the code account for a loss of $150 million in taxes – or a subsidy of $150 million for the industry. Tax breaks at the state level, including favorable treatment of newsprint and ink, amount to at least $750 million. The actual amount is probably much higher because many states don’t report separate data for publishers. How long those preferences will persist is anyone’s guess.”
“In a variety of ways, the government has also helped to assure the financial stability of broad- casting, cable and the Internet. Broadcasters were given their licenses for free; part of the trade-off for a free license, however, was the explicit requirement that the station use some of its resources to provide news and information to the audiences it served. Cable news channels are the direct beneficiaries of FCC rules that allow cable operators to bundle services, requiring every cable subscriber to pay a fee to MSNBC, CNN and Fox News – whether they want them or not…”
http://www.niemanlab.org/pdfs/USC%20Report.pdf
Ever since the days of RED Cronkite! 😳