READ | Primedia starts retrenchment process as Covid-19 continues to shake up mediaParadoxically, the production and presentation of news and information has seldom seemed more under threat. Here in South Africa, since the start of lockdown, we have seen a virtual cratering of the media industry. If South Africa's dire economic situation makes its media industry particularly vulnerable, still it is a phenomenon seen across the world. But there is the difficulty that subscription-based revenue is not necessarily sufficient by itself to sustain large, complex media companies. The New York Times, one of the few media companies bucking the trend of media industry collapse, added 587 000 digital subscribers in the first quarter of 2020.

Source: News 24 July 19, 2020 10:11 UTC