Why the Media Is in So Much Trouble
Earlier this week, the LA Times announced plans to cut 20% of staff. The cuts go deep with the DC bureau being hit hard along with sports and the video division. Simply put, the news has led to yet another round of journalist freak-out. Mass layoffs are only part of the problem for the sixth-largest paper in the U.S. in term of circulation (fifth when counting subscribers). The LA Times’ executive editor left a few weeks ago, and two of the four people tapped to replace him just quit. It’s tempting to call the LA Times implosion a canary in the coalmine for the broader media space. However, that wouldn’t be true. The LA Times is just the latest development in what has been a decades-long trend that the media still does not want to admit is occurring.
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