April 9, 2017

Newspapers cut more than half of jobs since 2001

Yahoo - More than half of the jobs at US newspapers have disappeared since 2001, with a large portion of the losses offset by employment gains at internet firms, government figures showed Monday.

The data from the Bureau of Labor Statistics showed US newspaper employment fell from 412,000 in January 2001 to 174,000 in September 2016.

In the internet publishing and portal segment the number of jobs grew from 67,000 in 2007 -- the earliest for which data was available -- to 206,000 last year.

The figures confirm the huge upheaval in the news media industry, where a shift to online sources has forced a major retrenchment in print.

The same report showed that the number of newspaper industry businesses fell from 9,310 in 2001 to 7,623 last year, a decline of 18 percent.

The number of internet publishing and web search portals meanwhile jumped 150 percent from 2007 to 13,924 last year, the report showed.

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