Thursday, December 6, 2007

Keep an eye on: Media industry job cuts

As the economy continues to shake out and unemployment rises, another industry is going through a shake-up. The writers strike will enable producers to cut back its budget and reduce head count. Today, NBC has announced job cuts across their news division. And a few days ago, the purchase of Oxygen Cable Network by NBC resulted in loss of jobs for a majority of that company.

And while other industries have gone through these similar changes as their businesses have matured, media has previously seemed protected by this tightening of budgets. New media may be what you want when you want it where you want it, but it still needs talent behind it to make the content valuable and purposeful. You can't keep asking for more work from less staff.