(New York) Job cuts among members of the US media rose 88 percent in 2006 from the previous year, highlighting a trend in downsizing over the last decade.
The media industry slashed 17,809 jobs last year, nearly double the increase from the 9,453 cuts in 2005, outplacement consultant firm Challenger Gray & Christmas said in a press release.
Media companies "will continue to make adjustments as their focus shifts from print to electronic," Challenger CEO John Challenger said. "Until they can figure out a way to make as much money from their online services as they are losing from the print side, it is going to be an uphill battle."
Newspaper publishers, broadcasters and other media firms have been cutting staff and revising their business plans as the number of Americans who turn to the Internet for news and information continues to grow.