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The MSM is failing, business is down, layoffs are systemic.

Will they acknowledge the reasons? Loss of trust? Promoting Deep State propaganda? Writing for a very small, but vocal and annoying left wing audience at the expense of all others?

Looking at this article...nope. No lessons learned, its a consequence of the times.

Meanwhile, independent news thrives...Substack and Rumble have a vast and varied ecosystem of journalist of ALL persuasions, not just the liberal left wing....

https://apnews.com/article/journalism-layoffs-business-messenger-83afe18984c2a1fc78e78184dddee17d

NEW YORK (AP) — On Friday, the National Press Club is offering solace — and a free meal — by giving recently laid-off journalists tacos in recognition of a brutal stretch that seems to offer bad news daily for an already struggling industry.

For anyone who works in the news media, the list is intimidating — and unremitting.

The news website The Messenger folded on Wednesday after being in operation since only last May, abruptly putting some 300 journalists out of work. The Los Angeles Times laid off more than 100 journalists in recent weeks, Business Insider and Time magazine announced staff cuts, Sports Illustrated is struggling to survive, the Washington Post is completing buyouts to more than 200 staffers. The Post reported Thursday that The Wall Street Journal was laying off roughly 20 people in its Washington bureau; there was no immediate comment from a Journal representative. Pitchfork announced it was no longer a freestanding music site, after digital publications BuzzFeed News and Jezebel disappeared last year.
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Why would anyone pay for legacy media when they can get the headlines for free?
SumKindaMunster · 51-55, M
@LeopoldBloom Any relevant comments to the post at hand?
@SumKindaMunster That is the reason. I gave up cable a few years ago, so I can't watch CNN even if I wanted to. I remember in the 90s, "Headline News" where in a half hour, they covered national news, international, business, entertainment, and sports, repeating throughout the day and changing with new events as they occurred. Now, it's mostly talking heads and "analysis." This is true for Fox News as well, which for some reason conservatives exempt from "mainstream media."

As for newspapers, other than local news (which I can also get for free), why would I want a print paper delivered? Magazines that have in-depth research or cover specialized topics will probably hang on for a while as there will always be a market for that.

In short, this has nothing to do with bullshit like "loss of trust" or "the deep state." Anyone still watching Fox hates CNN and MSNBC for those reasons, and vice versa for their ideological opposite. The reality is that "news" is a product, and people gravitate to the product that meets their needs. Legacy media just doesn't do that anymore.
SumKindaMunster · 51-55, M
@LeopoldBloom I don't think we disagree all that much. Legacy news has declined by almost any metric you choose to measure. I have been aware of the lack of trust in the legacy media these last 8 years or so and have seen how it impacts their bottom line and credibility.

It's interesting you close with this:

he reality is that "news" is a product, and people gravitate to the product that meets their needs. Legacy media just doesn't do that anymore.

We totally agree here, I just have a slightly different reason as to why it is this way.