One can tell that the leftist money wells are running dry when big names in The Elite Media Monoculture online version are laying off journalists by the hundreds. Judging by their own descriptions of themselves, these are people who are unfit for any profession that involves real work that might be of value to someone, rather than propaganda mills financed by big donors with deep pockets. Once those pockets run dry, it doesn’t take long for the pink slips to start coming. These kinds of media organs obviously don’t really make any money through selling their product; they survive only as long as they have a patron.
There were more than a thousand left-stream media layoffs earlier this week. The cuts took place across the spectrum of left-stream media and included cuts at HuffPo, BuzzFeed, Yahoo News, among others.
The finger-pointing has thus far been aimed at Facebook and Twitter, but wounded leftstream media warriors are irked by a reminder of their own callous response to massive Obama-era coal industry job losses.
The DC Caller reported earlier this week:
BuzzFeed, Yahoo and other major outlets cut loose more than 1,000 jobs Wednesday in what analysts think is a broadside against journalists. There is also concern Facebook is indirectly responsible for the massacre.
Verizon Media, which owns Yahoo and the Huffington Post, is slashing roughly 800 jobs, or 7 percent, of its global workforce across the organization. BuzzFeed also announced a move to cut 15 percent of its workforce, including jobs in journalism. Other media outlets followed suit.
Digital outlets on the local, national and global level are struggling to keep up in an environment where information is shared for free across a slew of social media platforms, according to Eric Schiffer, the CEO of Patriarch Equity, which focuses on pre-IPO startups in Silicon Valley.
“Facebook and some of the other big tech agitators have acted like rat poison for journalist jobs. When you can get your news for free from a platform, it decimates the firms that are putting out high quality reporting,” Schiffer told The Daily Caller News Foundation. This wave of layoffs could be the beginning of something big, he said.
Personally, I don’t like to celebrate anyone losing a job . . . unless it’s Hillary Clinton and the job is one she expected was hers: President of these United States. But I am only human and do enjoy a dash of well-earned schadenfreude.
— Legitimist LARPer (@Benevolentrwds) January 25, 2019
#learntocode is hilarious because just last year #journalists were hitting unemployed coal miners with the same energy, and now that the tables have turned they can't take the banter 🤣 pic.twitter.com/J8lUTW2r1N
— Interchopper (@Interchopper) January 25, 2019
