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On the Media

Staying Alive

On the Media

WNYC Studios

Studios, Radio, Newspapers, Advertising, News, Wnyc, Magazine, Media, Journalism, Tv, Newspaper, Brooke_gladstone, Technology, Micah_loewinger, Npr, History, Politics, Transparency, Amendment, Society & Culture

4.69.1K Ratings

🗓️ 21 July 2023

⏱️ 51 minutes

🧾️ Download transcript

Summary

The decline of digital media; The New York Times becomes a tech giant; a new business model in the news industry.

Transcript

Click on a timestamp to play from that location

0:00.0

2023 has already been the worst year for media jobs yet.

0:07.9

Buzzfeed will lay off about 15% of its staff, and it's going to completely shut down the

0:12.2

news unit itself.

0:13.5

Vice media was once one of the hottest names in New Media, they just filed for bankruptcy

0:18.5

protection.

0:19.5

From WNYC in New York, this is on the media, I'm Michael Lohinger.

0:24.2

Meanwhile, the New York Times won the tumultuous era of digital media.

0:28.7

In part, by emulating the success of Silicon Valley.

0:32.2

They're trying to be a kind of destination for people's whole lives, and if they can

0:36.4

get there, then they have all sorts of other things they can sell.

0:39.1

Plus, a handful of new publications are tearing down the old culture of the news this.

0:45.6

When you aren't determined to grow at a rapid pace and you aren't beholden, to those kind

0:50.8

of corporate bosses running a media company really isn't that complicated.

0:54.6

It's all coming up.

0:55.8

After this.

1:01.6

From WNYC in New York, this is on the media, I'm for Gladstone.

1:06.3

It's a bad time for the news business.

1:09.7

Actually, it usually is, but this is one of the worst.

1:13.2

This year, a record number of job cuts so far over 17,000 of them.

1:18.6

Just this summer, the LA Times cut 74 staff positions.

1:22.8

Digital geographic laid off at staff writers and earlier this year, NPR, Fox, NBC, Spotify,

1:30.4

Insider, ABC, and Gnett also went under the knife, Gawker closed for the second time.

...

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