The Limited Times

Now you can see non-English news...

Social hecatomb in the American media

2022-12-05T19:33:21.286Z

DECRYPTION - CNN will lay off 400 employees, AMC Networks is reducing its workforce by 20%, the publisher of the daily USA Today is laying off 200 journalists.



In the United States, the media industry is preparing for a polar winter.

Not a week goes by without a great leader in the sector coming to cool the atmosphere.

The advertising market?

It “

is currently very low (…) lower than it was during the trough linked to the Covid pandemic.

And right now, there is a pretty big miss of the whole Christmas season

, ”warned the CEO of Warner Bros.

Discovery, David Zaslav, mid-November.

Linear TV?

She is “

approaching a great precipice

,” explained the highly respected Bob Iger in September, before taking over the reins of the Walt Disney Company.

Video streaming, which was to serve as a lifeline for the sector?

A bottomless pit.

In October, during his last results, Reed Hastings, the co-founder and CEO of Netflix assured in his letter to shareholders that the cumulative operating losses of his competitors "

could well exceed 10 billion dollars

" for this year alone, versus…

This article is for subscribers only.

You have 77% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for €0.99 for the first month

I ENJOY IT

Already subscribed?

Login

Source: lefigaro

All life articles on 2022-12-05

You may like

News/Politics 2023-01-06T18:53:50.015Z
News/Politics 2023-01-20T17:10:00.105Z

Trends 24h

Life/Entertain 2023-02-01T18:36:28.617Z
Life/Entertain 2023-02-01T17:35:33.201Z

Latest

© Communities 2019 - Privacy