News Biz and Social Media

The Daily Beast has a story out today that Think Progress, the progressive news site which is part of the The Center for American Progress, faces a vast budget shortfall of something like $3 million. The story says TP experienced a 40% decline in ad revenues in just one year. This has spurred a new flurry of conversation about the financial woes of the news media and the particular claim that the news industry somehow used the platforms (Google, Facebook, Twitter, etc.) as crutches or outsourced their traffic and distribution and monetization to the platforms and now have only themselves to blame.  READ MORE

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