The Decline of Corporate Journalism

Main idea: Tens of thousands of mainstream journalists are being laid off, leading to a loss of trust in media and a decline in readership and ad revenue. This is driven by decreased trust in the media and their perceived bias and activism. Major media outlets, including the LA Times, BuzzFeed, and Sports Illustrated, have faced widespread layoffs. Trust in media has hit a record low, with just one-third of Americans expressing trust, and almost 40% having zero trust. The decline in trust has been particularly strong among Republicans and younger Democrats.