Media sector braces for further layoffs and cutbacks
Local newspapers heavily hit by crisis as advertising revenues ‘fall off cliff’
‘We have to keep going,’ said Johnny O’Hanlon of representative group Local Ireland. Photograph: iStock.
Journalism may have been deemed an essential service during the Covid-19 crisis, but the media sector has not escaped the wave of layoffs and pay cuts seen across the economy.
Local newspapers are among the hardest hit, with a plunge in advertising revenues estimated to be as deep as 70 per cent in instances.