Winter has arrived with savage consequences for digital publishers, including BuzzFeed. In the space of two weeks, about 2,100 jobs have been lost across the media, with many disappearing from purely digital publishers. Facebook Twitter Pinterest Ariann Huffington, founder of Huffington Post, whose parent company Verizon last month announced 800 job cuts in its media division. Facebook Twitter Pinterest Sam Baker and Lauren Laverne, founders of The Pool, a website aimed at women, which closed on Friday. However, the problem now is so clear that even the most advanced digital thinkers can see it: a digital free market for journalism doesn’t work.

Source: The Guardian February 02, 2019 18:09 UTC