Media outlets also struggle during economy downfall

Monday, September 22, 2008

By: Taylor Browning

As the economy takes a turn for the worse, everyone relies on newspapers, the Internet, and television to get their facts. Due to this reliance it would seem newspapers would be booming with profits, but in reality they are also at a downfall.

Companies are cutting back on advertisement spending in order to save money, which is taking away from newspaper's income. Along with the accessibility of the Internet, it is difficult for these newspapers to make back the money they are losing through empty advertisement space.

Newspapers are now subject to budget cuts as well as laying off employees due to their shortfall of money. Altering newspaper layouts and cutting out 'unnecessary columns' such as fashion and opinion columns to shorten their paper is becoming an alternative to help money issues.

While insurance and banking companies are receiving billions of dollars in loans to keep afloat, many other niches of businesses are not receiving the financial help they may need. Newspapers are the ones informing us about the economic turmoil, while feeling the burn they initially report about.


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