U.S. newspapers have lost 279,000 jobs since 1990, according to Bureau of Labor Statistics data.
Newspaper employment dropped by 61 percent since 1990 and is currently 24 percent below its 1947 level. Peak newspaper employment was in the early 1990s, when the industry employed more than 450,000.
Creative Destruction: Newspaper Employment in the US Has Collapsed by 61% (and by 279,000 jobs) since 1990 and is 24% Below the 1947 Level. pic.twitter.com/pZ3DBxTBe0
— Mark J. Perry (@Mark_J_Perry) December 15, 2016
Mark Perry, an economist at the conservative American Enterprise Institute, aggregated the BLS data. Microeconomic data suggests that the U.S. newspaper industry lost 3,800 full-time editorial jobs in just 2014.
The decline in newspaper employment is largely due to falling advertising revenue and plummeting circulation. Competition from Internet-based media is also squeezing out older newspaper publishers. Even the largest mainstream newspaper brands are affected.
The New York Times’ ongoing decline in revenue accelerated from 9 percent in the first quarter of 2016 to nearly 19 percent in the most recent quarter.
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