Just a few years ago, digital publishers like BuzzFeed and the Huffington Post were seen as industry pioneers that would lead the next phase of journalism. Now, after over 1000 layoffs last week, they are reckoning with the Google-Facebook duopoly on advertisement revenues and are left vulnerable to further financial misfortune.
Each Thursday, MediaFile’s Business section publishes an overview of the past week’s news in media organizations and industry. Have a tip, see something we missed, or want to put something on our radar? E-mail Shiplett@Mediafiledc.com. Making Headlines An unfounded conspiracy theory prompted violence on Sunday, when
YouTube has long been a haven for independent content creators to showcase their work and, if they are popular enough, profit off of it. Advertisers pay YouTube to place advertisements before videos. YouTube splits the ad earnings with the video creators. Everybody wins. Right? Late