Monday, July 7, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > Opinion > Uncertain times for the US media industry

Uncertain times for the US media industry

in Opinion
Uncertain times for the US media industry
Share on LinkedinShare on WhatsApp

World-renowned publications, as well as newer ones, are struggling to raise their business game to keep up.

The debate surrounding the future of the digital media industry continues apace after online giant Buzzfeed announced significant job cuts and the restructuring of its business team as it struggles to compete in an increasingly tough market.

Buzzfeed, which draws a young, educated demographic with content on everything from politics to DIY, was long seen as one of the brightest stars in the online media firmament, yet the company will shed 8 percent of its US employees this year with further cuts expected to its UK operation.

Yet it is not the only outlet in trouble in 2017 in an industry that is facing unprecedented challenges.

Ever since media organizations began offering free content online, generating revenue only through ad clicks, industry observers have been questioning the sustainability of the business model. Indeed, many digital-only outlets, such as Vice and Buzzfeed, which overwhelmingly target millennials, have increasingly shifted to video content as their primary income earner.

Others, such as The New York Times and Wall Street Journal, have turned to subscription models with positive, if mixed, results. At Thanksgiving, The New York Times published an open letter to its readers explaining that while its digital advertising revenue had increased by $23 million this year, its print revenues had declined by $43 million, or 16 percent compared to 2016.

As such, the advertising industry is also in disarray. Last week, the Pivotal Research Group cut its growth prediction for US ad spending to 4.1 percent for this year. In 2016, 90 percent of growth in digital advertising came from just two companies: Google and Facebook, which together are projected to account for 61 percent of the market this year.

“We have a problem. I know it; you know it; we all know it,” NBCUniversal’s ad sales chief Linda Yaccarino told the audience at a conference of media and advertising industry figures in late November.

Optimists claim that the media has always had to evolve in the face of new technology whether it be the printing press, radio, or television – and has always survived – yet it’s clear that many outlets may fall by the wayside in the meantime.

The key to the future will be the ability of outlets to generate revenue outside of advertising. Despite taking hits to its ad revenues this year, The New York Times claims that its digital-only subscriptions rose by 44 percent, to $75 million, during the same period while The Washington Post saw a 75 percent gain in digital subscribers last year.

These are world-renowned publications with long-established readerships. Newer publications, and digital-only outlets that eagerly leaped upon the millennial demographic over the past decade, may have to raise their game to keep up.

Tags: digital media industryfuture of mediamedia industry

Related Posts

How teams can flourish by harnessing the skills of different generations
Opinion

How teams can flourish by harnessing the skills of different generations

How a Data-Driven Mindset Powers McAfee’s Growth
Opinion

How a Data-Driven Mindset Powers McAfee’s Growth

Blackstone’s Jon Gray on Strategic Discipline, AI, and Entrepreneurial Leadership
Opinion

Blackstone’s Jon Gray on Strategic Discipline, AI, and Entrepreneurial Leadership

Canada, India move closer to trade deal
Opinion

Informing Strategic Planning Amid Tariff Uncertainty for Canadian Municipalities

A paradigm shift in supply chain operations: From agent-led to AI-led
Opinion

A paradigm shift in supply chain operations: From agent-led to AI-led

6 steps toward your retirement goals
Opinion

6 steps toward your retirement goals

Dollar continues record rally
Opinion

U.S. Economic Confidence Slightly Improved, Still Negative

How U.S. steel and aluminum tariffs would impact Canada’s economy
Opinion

The impact of US trade policy on jobs and inflation in Canada

Key Takeaways From Treasury’s Foreign Exchange Report
Opinion

Key Takeaways From Treasury’s Foreign Exchange Report

CVCA CEO Kim Furlong to step down
Opinion

What I’ve learned about building winning businesses

No Result
View All Result

Recent Posts

  • How teams can flourish by harnessing the skills of different generations
  • Norges Investment Bank CEO warns of rising U.S. debt
  • Amazon Prime Day set to lift US online sales to $23.8 billion, Adobe estimates
  • Tesla shares drop as Musk announces political party
  • New 10% tariff for nations supporting ‘anti-American’ BRICS policies

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.