Is anyone else reminded of buggy whips and dodo birds?:
Gannett will cut 10%. Time, Inc, announces job cuts and major restructuring. And Newsweek is hemorrhaging revenue: “Newsweek net income results for the first half of the year went from $133.2 million in 2007 to $36.5 million, which isn’t so much a ‘moderately weakened’ business, so much as a ‘holy sh*t, time to fire everyone’ business.”
And you can’t blame it on Wall Street meltdown, either:
But bloggers, untrained, in a couple of years have shown that millions upon millions of dollars have been wasted in this country on journalism degrees.
