News media economics

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According to Business Insider this news media economics data from the US newspaper industry over the past decade described is shocking. The drop off in revenue for newspapers is an existential event:

The economics of media is mirrored in other sectors as they struggle to transform themselves. Online advertising has transferred value from media to platforms, which means that there isn’t a straight paper to pixels transfer. This isn’t likely to be reversed under the current circumstances. More media related posts here.