Media Meltdown: Billionaires and Private Equity Unable to Rescue Struggling Publications Facing Revenue Decline and Audience Loss
-
Neither billionaire owners nor private equity firms have been able to turn around struggling media businesses in recent years despite high hopes initially
-
Several high-profile publications like Washington Post, LA Times, and Time have made cuts lately despite wealthy owners
-
Ad revenue models are outdated, readers increasingly get news elsewhere than publications' own sites
-
Media sector facing crisis on business and editorial fronts as tech giants take attention and AI looms
-
Unlike 2008 crash, media companies now see threats clearly but still lack solutions to revenue declines and audience fragmentation