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The media business is in a tough spot.
The continued migration of news and information online has challenged traditional news outlets ranging from newspapers and magazines to television and radio. In recent months, The Los Angeles Times newspaper announced that it is eliminating 13% of its staff due to declining advertising revenue. BuzzFeed News announced it is shutting down its operations entirely. Hundreds of journalists who work for Gannett Co. (NYSE:GCI), the largest newspaper publisher in...
>>> Read more: The 3 Best Media Stocks to Buy for July 2023
The continued migration of news and information online has challenged traditional news outlets ranging from newspapers and magazines to television and radio. In recent months, The Los Angeles Times newspaper announced that it is eliminating 13% of its staff due to declining advertising revenue. BuzzFeed News announced it is shutting down its operations entirely. Hundreds of journalists who work for Gannett Co. (NYSE:GCI), the largest newspaper publisher in...
>>> Read more: The 3 Best Media Stocks to Buy for July 2023
