Lay-offs in media mirror reality of corporate profitability crisis - News Summed Up

Lay-offs in media mirror reality of corporate profitability crisis


COVID-19So, why are the local media companies where they are? A friend recently collated 15-year data that he had extracted from published accounts of a number of listed companies, including the three listed media companies. You see in the numbers that, immediately after the 2007/2008 post-election violence, the corporate sector experienced steady growth in revenues. This is the trend you will see in growth of media revenues. Which brings me back to media companies.


Source: Daily Nation July 08, 2020 03:00 UTC



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