Media on the mend

Posted on AllSides June 15th, 2021
From The Center

About 963 newsroom jobs have been lost so far this year — down 91% from the 10,576 cuts through the same period last year, according to new data.

The big picture: Other factors, like record advertising growth and the speedy return of live events, suggest the media industry is rebounding quicker than it originally anticipated.

Why it matters: A year ago, media companies were reeling from the early effects of COVID-19 — scrambling for loans and laying off thousands while hoping to make it through a possible recession.

Now, things are looking up,...

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Axios

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