Media Layoffs Up 93%

Money announces that media layoffs nearly doubled in the first quarter of 2007. A recent report indicates: “Media companies announced 4,391 layoffs during the first quarter of this year, up 93 percent from the 2,271 layoffs in the first three months of last year.” Some breakdowns:

  • 12 percent from newspaper publishers.
  • 6 percent from magazine publishers.
  • 12 percent from television.
  • 28 percent from film and video.