What 2,000 job cuts tell us: the free market kills digital journalism

#TIA – Someone is killing digital journalism and those among those who’ve lost their jobs may agree it’s they. 

In December 2016, Jonah Peretti, the charismatic founder of the digital news and entertainment company BuzzFeed, penned his annual memo to his 1,400 staff. The memo outlined some of Peretti’s frustrations after that year’s US presidential election had revealed how much shoddy and misleading content was circulating online. His own news site had revealed some of the biggest stories in the “fake news” scandal that engulfed Facebook. But Peretti’s remedy was not regulation or chastisement of Facebook, but a concern that the old guard of so-called “legacy media” were also to blame.

Read more at The Guardian