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Entertainment and Media Suffers Another Major Blow in 2024 With 15,000 Job Cuts

Yahoo · last updated
The sequel to 2023’s brutal year for the entertainment and media industries was not much better. In 2024, nearly 15,000 jobs were eliminated across broadcast, television, film, news and streaming — extending a two-year run in which the news and entertainment businesses were dealt body blows.

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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.

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