Sunday, February 01, 2009

Manhattan's media freefall

Friends in England don't seem to take me seriously when I say that the media industry over here is in freefall. Stories like this in Gawker showing the risible amount of ads in the most recent New Yorker illustrate just how bad it is (not that the New Yorker has ever been stuffed with ads, but still...) Not to mention Domino folding this week, 600 layoffs at Time Inc., and Page Six magazine going from weekly to four times a year with the loss of 23 staff.