Chicago Media Jobs Cut
Monday, December 29th, 2008In a world filled with online capabilities, many traditional newspapers are suffering. The City of Chicago is no exception and many Chicago media jobs are being cut.
In a city that once had more than 11 daily newspapers, only two remain - the Chicago Tribune and the Chicago Sun-Times. According to an article by The Associated Press, the Sun-Times continues to lose money every quarter and the Tribune’s parent company is facing $13 billion in debt. Both papers are facing budget cuts and many newsroom jobs are being cut, and print editions of the paper have decreased.
Much of the newspaper industry’s problems come from the fact that many people don’t bother to buy an actual paper, but instead access news online. And because people aren’t buying papers, companies are less likely to advertise in them. If either Chicago newspaper were to go under, the Sun-Times seems to be the more likely candidate, as the company has cut $50 million this year and saw a third-quarter loss of $168 million.