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In Canada, Bell Media just laid off hundreds of journalists and shuttered whole newsrooms. In the U.S., a group of distressed newspapers were just purchased by a hedge fund, to the despair of its employees who know full well what that will mean ‘clear your desks.’
The Toronto Star has made a habit of throwing funds toward big initiatives like tablet editions or national bureaus, only to shutter them in the face of cash woes. That celebrated brand was recently sold for less money than it had cash in the bank.
Australia’s news industry is trying to keep itself alive by lobbying the government to shimmy bucks from Facebook and Google, and as we recapped here on Friday. No matter how you cut it, the media is collapsing everywhere in the Western world. Newspapers and magazines, TV stations and radio, even the new media digital outlets that were supposed to be our salvation struggle to survive.
For the first time, Edelman’s annual trust barometer, which it shared with Axios, revealed that fewer than half of all Americans acknowledge any kind of trust in the mainstream media. Fifty-six percent of Americans, for example, said they agreed with the following statement: ‘Journalists and reporters are purposely trying to mislead people by saying things they know are false or gross exaggerations.’
The results go on to show that 59% of Americans said they agree with this statement: That most news organizations are more concerned with supporting an ideology or political position than with informing the public. And 61% of Americans think that ‘The media is not doing well at being objective and non-partisan.’
According to a 2021 report by the Media Reform Coalition, 90% of the UK-wide print media is owned and controlled by just three companies, Reach plc (formerly Trinity Mirror), News UK and DMG Media. This figure was up from 83% in 2019. The report also found that six companies operate 83% of local newspapers.
Thirty-three local newspapers have closed in the UK since the start of 2019, according to new Press Gazette analysis. The latest figure takes the total net loss of local newspapers since 2005 to 265. That year was considered by many to be the high-water mark of print newspaper profitability in the UK; the economy was riding high; automation had made printing cheaper and broadband internet had yet to cause severe disruption.
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MICHAEL WALSH is a journalist, broadcaster and the author of RISE OF THE SUN WHEEL, EUROPE ARISE, TROTSKY’S WHITE NEGROES, MEGACAUST, DEATH OF A CITY, WITNESS TO HISTORY, THE BUSINESS BOOSTER , THE FIFTH COLUMN VOLUME I and II, FOR THOSE WHO CANNOT SPEAK, IMMORTAL BELOVED, THE ALL LIES INVASION, INSPIRE A NATION Volume I, INSPIRE A NATION Volume II , SLAUGHTER OF A DYNASTY , REICH AND WRONG, THE RED BRIGANDS, RANSACKING THE REICH , SCULPTURES OF THE THIRD RIECH: ARNO BREKER AND REICH SCULPTORS , SCULPTURES OF THE THIRD RIECH: JOSEF THORAK AND REICH SCULPTORS , SCULPTURES OF THE THIRD REICH VOLUME III Porcelain and Reich Sculptors, The Exiled Duke Romanov Who Turned Desert Into Paradise , THE DOVETAILS , SEX FEST AT TIFFANY’S, THE AMOROUS GHOST AND ENCOUNTERS and other book titles. These illustrated best-selling books are essential for the libraries of informed readers.
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MICHAEL WALSH is a journalist, author, and broadcaster. His 70 books include best-selling RHODESIA’S DEATH EUROPE’S FUNERAL, AFRICA’S KILLING FIELDS, THE LAST GLADIATORS, A Leopard in Liverpool, RISE OF THE SUN WHEEL, EUROPE ARISE, FOR THOSE WHO CANNOT SPEAK, THE ALL LIES INVASION, INSPIRE A NATION Volume I, INSPIRE A NATION Volume II, and many other book titles. These illustrated best-selling books are essential for the libraries of informed readers.
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MEGACAUST Michael Walsh. R. J. Rummel, Power Kills: Genocide and Mass Murder (Journal of Peace Research) 164 million people have been killed in cold blood this century by Capitalist / Communist governments.
SLAUGHTER OF A DYNASTY Michael Walsh. Covertly sponsored by Wall Street banks and the White House Bolsheviks seized Tsarist Russia (regime change). For 36 years news of Bolshevik atrocities and 70 million martyred Christians were censored by Western media. Lavishly illustrated, this expose reveals secrets removed from Western history books.
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