"Employment of full-time professional editorial staff peaked at 56,900 in 1989. By the end of 2011, the last year for which data are available, employment had fallen by 24%, according to the American Society of News Editors. When figures for 2012 are compiled, newsroom workforce will likely be below 40,000." —Of the many bits in this survey of the current American news business—the cable news audience is stalled forever at 1.9 million people! TIME's newsstand sales dropped 27% in a year!—the 24% drop in newspaper editorial employees is the most instructive for those of you young people thinking about a major. (Journalism is always a terrible major.)
Signs of the recession:
While their website may be offering ten issues for $24.50, in yesterday's mail came a two year subscription offer to The Atlantic for twenty dollars. Disturbing! The magazine adjusted its rate base to 450,000 in January, and would presumably desire to keep selling ads based on that number.