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Posts with tag: media-jobs | Return to the Writer's Blog Homepage

AdAge Says Media Work Force Has Sunk to 15-Year Low

AdAge has a grim article that says the media work force has shrunk to a 15-year low. One in six media jobs have dissapeared since 2000 according to AdAge. For newspaper jobs it gets even worse - one in four newspaper jobs have been lost since 1990. That depressing figure isn't news to anyone in the newspaper business. 2008 hasn't started out in the right direction for newspapers with both the L.A. Times and New York Times announcing jobs cuts - see here and here.

AdAge used Bureau of Labor Statistics data to come up with their figures. Last year newspapers, TV and radio all cut jobs. AdAge says there was a tiny increase in magazine jobs (400 jobs added) and 9,200 jobs added by web media companies last year. Even though web media companies are in a growth spurt there are still 31% less web media jobs than there were before the dot-com crash hit.

With the U.S. economy - and possibly the global economy - on the brink of a recession we may not see a turn around anytime soon. Any improvement in the number of media jobs may also be complicated by the ongoing transformation in the industry from print to digital.

Posted on February 18, 2008
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Media Job Cuts Jumped 88% in 2006

A UPI news story is citing a survey from Challenger Gray & Christmas that found media job cuts climbed 88% in 2006. 17,809 media jobs were lost last year compared to 9,453 job cuts in 2005. If with the big increase 2006 was still well short of the total in 2001 when there were 43,420 media job cuts.
The media industry slashed 17,809 jobs last year, a nearly two-fold increase from the 9,453 cuts in 2005, outplacement consultancy Challenger Gray & Christmas said.

The figure was the industry's largest annual job-cut total since 43,420 media job cuts accompanied the collapse of the technology bubble in 2001, the survey said.

"A sea change in the way people get and read news, not to mention the way they search for jobs, used cars and consumer products, was the primary contributor," the company said.

Media companies, including the New York Times Co. and Time Inc., have already laid off 2,000 employees in 2007, Challenger noted, saying the cuts suggested the downsizing trend would continue.
Unfortunately, this year has picked up where last year left off. Recently there have been jobs cuts at Time Inc. and at Lagardère, a large French magazine publisher.

Posted on January 30, 2007
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