Media

Louisville Public Media is laying off eight of its employees. The lost jobs are the result of a move to reduce operating expenses by roughly 10% for the budget year ahead, the public broadcaster says.The nonprofit says it has an operating budget deficit for the year of $755,000. To make up for the shortfall, it’s laying off six full-time staff and two part-time staff. It’s also eliminating two unfilled positions. 

Axios - Newsrooms typically immersed in political coverage during a presidential election year are America's biggest news companies just months ahead of an election.... Washington Post CEO Will Lewis — speaking at a contentious newsroom meeting yesterday after ousting executive editor Sally Buzbee — said "decisive, urgent" actions are needed, the Post reports."We are going to turn this thing around, but let's not sugarcoat it. It needs turning around," Lewis said. "We are losing large amounts of money. Your audience has halved in recent years. People are not reading your stuff. Right. I can't sugarcoat it anymore." ...The Wall Street Journal has undergone massive changes under new editor-in-chief Emma Tucker, including layoffs last week. CNN's new boss has outlined strategies to make the network less reliant on cable ad revenue. MORE