American Public Media Group plans layoffs amid $6M deficit
American Public Media Group is planning layoffs and other cost-saving measures due to a budget gap caused by state and federal funding cuts, the organization told staff Thursday.
“While we are fortunate among public media organizations to be in a relatively strong financial position, these are significant cuts,” Chief People & Culture Officer Roycie Eppler said in a statement.
Related Knowledge Center: State of the business model
The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.