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A Disastrous Year For The Main Stream Media
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2019 was a transformative year for the U.S. news media industry, but it was also one of the most turbulent points in its history.
The big picture: There were enormous business challenges, which resulted in an unprecedented number of layoffs, desperate product maneuvers and fire-sale deals.
Driving the news: The impeachment of President Trump by the House of Representatives on Thursday was prompted by a whistleblower's complaint, but the stage was set by the dogged reporting of many journalists across the country.
* But despite those efforts, the economic outlook of the news industry is still grim heading into 2020.
* The impeachment process has proven that voters are starting to tune out political coverage, which for the past few years has been the news industry's biggest money-maker. That reality, coupled with an anticipated recession, has newsrooms on edge.
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WNU Editor: Media is losing its audience. There are now so many alternatives to getting the news that the old ways of reading a newspaper or watching the news on TV just no longer hold. Twenty-five years ago I would easily go through six major news papers a day and watch the evening news every night. Today .... I get all of my news from the web, and from sources that I trust.
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