Analysis: Covid Rips a Hole in US News Business Models

Financial Times: At least 38,000 US news workers are estimated to have been furloughed, laid off or taken pay cuts since March. “We got the crap kicked out of us,” said Ben Lerer, CEO of Group Nine Media. “This sucks. Let’s not sugar coat it. I’m trying to make lemonade out of the heaps of lemons we have here.”