Covid Causes Newspapers to Flop
Covid has caused so many industries to go downhill. One major example is the newspaper industry. Ad revenue in newspapers has taken a substantial dip (42%!!). This can be attributed to the economic downturn of the Recession. The pandemic has been extremely hard on the economy. While television seems to be thriving in the pandemic. People have been relying more on TV to obtain their news than these publications. This hit to the industry has led to many pay cuts and layoffs. Will the newspaper industry pull through and be able to make a full recovery soon? Or will it be a distant memory by next year.
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