Bhubaneswar: Coronavirus has been ominous for the newspaper industry. Ironically, newspapers, one of the most reliable sources of information in these days of fake news, were among the first to be hit when social distancing became a household term. Come the lockdown and residents’ welfare associations prohibited vendors from entering their colonies to distribute newspapers.
Ironically again, news publications that have been reporting and analysing layoffs, retrenchments and downsizing are feeling the heat themselves leaving journalists in shock. Here’s a lowdown on what’s happening:
Making note of the “double whammy” of the pandemic and the economic crisis, it said the website’s revenues “will be under severe strain over the next 3-4 months, at least”.
According to the sacked employees, The Quint discontinued its subscription to news agencies like the Press Trust of India, Indo-Asian News Service, and Asian News International last week.
“We were told that the production of one-pager Life will now be done by Delhi Times and so they don’t need so many people. The HR head will be calling tomorrow and giving us an official notice period of a month. ‘That’s it, game over,’ these were the exact words from my editor,” the sacked staffer told Newslaundry.
Chief editor Rajkamal Jha, chairman Anant Goenka, and director Vaidehi Thakkar have reportedly taken 100 percent salary cuts.
Now, the big question is, will Indian newspapers survive the coronavirus fallout?
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