Worker-Owned News Outlets Are Changing The Media Industry
The arrival of COVID-19 in the United States kicked off an ongoing period of job insecurity within the media industry. In April 2020, the New York Times reported that about 37,000 news company employees had been laid off, furloughed, or had their salaries reduced since March of that year.
This instability was still evident in 2024, with media outlets like the Los Angeles Times, the Messenger, and HuffPost undergoing major layoffs and closures.
An October 2024 report from the executive outplacement firm Challenger, Gray, and Christmas, Inc. found that 13,279 media jobs had been cut that year. This included 3,520 cuts in the broadcast, digital, and print news industry—the most since 2020.
Job insecurity has helped spur the rise of worker-owned journalism cooperatives like Flaming Hydra, Aftermath, Racket, and RANGE. According to the Poynter Institute, “[a]t least six worker-centered [news] outlets launched in 2024 alone.”