A report that tracked layoffs in the industry in 2023 recorded twenty-six hundred and eighty-one in broadcast, print, and digital news media. The Washington Post, which lost about a hundred million dollars last year, offered buyouts to two hundred and forty employees. According to a recent Wall Street Journal analysis, Google generates close to forty per cent of traffic across digital media. The Times gained five million digital subscribers during Trump’s four years in office, and the Post gained two million. But places like the Washington Post and the Los Angeles Times now face similar crises: How does a newspaper make money in 2024?

Source: CNN February 10, 2024 12:36 UTC