Here's why you should care coronavirus is obliterating the media [Yahoo! Finance News]
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Source: Yahoo! Finance News
Here's why you should care coronavirus is obliterating the mediaAndy Serwer with Max ZahnYahoo April 18, 2020ReblogShareTweetView photosPhoto by Justin Sullivan/Getty Images)Of all the businesses decimated by the coronavirus; cruise ships, hotels, restaurants, etc, the damage done to media companies may be somewhat less obvious. But make no mistake, a wrecking ball is being taken to the media with devastating consequences.It’s almost impossible to list off all the news organizations that are hurting, closing or firing people right now, the New York Times did a recent samplingThat the news media is getting battered shouldn’t surprise anyone. The economic fallout from the pandemic is like a virus itself, in that it most severely affects those with compromised health. If elderly people with weak respiratory systems are more susceptible to COVID-19, then weak, leveraged or speculative businesses are most vulnerable to the resulting economic aftershock.Any number of media companies have th
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