It's a brutal, fearful time for U.S. media: The new economic reality means layoffs, hiring freezes, and other cost-cutting measures.
Pending U.S. antitrust legislation that would help local news companies get paid by Silicon Valley platforms: Plummeting ad sales has forced Big Media to reckon with an even bigger problem — cord-cutting and a slowdown in consumer spending on subscriptions.
The U.S. pay-TV market is now shrinking by more than than 6% per year, setting a new record for the worst level of decline, according to an analysis from MoffettNathanson.The world's biggest entertainment companies, including Netflix, Disney, Paramount and Warner Bros. Discovery, have all lost billions of dollars in value as Wall Street's love affair with unprofitable streaming bets wears off.in response to a Post-Trump news cycle that's riddled with depressing headlines.