Yes, it’s old news (a week old) that BuzzFeed was laying off huge numbers of journalists. And HuffPost. And TechCrunch. But it’s more recent – if still last week’s – news that Vice is laying off journalists too. What gives? No surprise: Facebook. “Digital media companies typically generate ad revenue based on the size of their audiences, and consumers discover many of those videos and articles through sites such as Facebook and YouTube.” – Los Angeles Times
Article source here:Arts Journal
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