“A Darwinian Moment”: The Coronavirus Is Blowing Up the Media Landscape

Joe Pompeo:

The years 2008 and 2009 are remembered as exceedingly dark days for the media business. Between the digitally-fueled collapse of legacy revenue streams and the gruesome carnage of the financial crash, the industry began to endure pain and suffering like never before, from mass downsizings—a hundred New York Times journalists here, 1,400 McClatchy employees there, and so on—to newspapers and magazines going bankrupt or being shut down altogether: Farewell Rocky Mountain News and print edition of the Seattle Post-Intelligencer. RIP Radar, Gourmet, and Condé Nast Portfolio. (It would take too long to list all the titles that were shuttered.)