Following the announcement of mass layoffs at HuffPost and BuzzFeed amongst others this week, journalists blamed the Google and Facebook duopoly on digital advertising.
“What is happening to American journalism isn’t a mystery. Google and Facebook are eating this industry alive and taking down American democracy with it,” declared HuffPost senior reporter Zach Carter. “This isn’t happening because of market inefficiencies or consumer preferences or social value. It’s happening because two very large companies have taken the advertising revenue that journalism outlets rely on and replaced it with nothing.”
Read more at Breitbart