Approaching the end of 2008, the news around the media industry has been uniformly dismal.
National media companies are getting the most attention. Just this week, the Tribune Co. moved into bankruptcy, the New York Times borrowed money against its new headquarters, Gannett's newspapers may be lowering their home deliveries and CBS merged CBSnews.com and CNET in a move that will be accompanied by layoffs.
Many places online aren't making out much better. Layoffs at Yahoo and ongoing cuts at Gawker Media made big waves recently. Even the dynamic Blogher organization announced that they'll be lowering their rev share program for their affiliated bloggers by 10% in the beginning of 2009.
I've got to toot Associated Content's horn for a minute here. We've made record payouts to record numbers of Content Producers for the past 3 months. We will pay out $1 million to our CPs by the end of 2009. Where other media companies are laying off workers, we're "hiring" new ones every day. The number of opportunities on AC are only increasing and we're pretty proud of that fact in a time when many media organizations are more focused on survival than growth.
Our Content Producers are a big part of that success and we're thrilled with your work so far this year. Keep it up, and 2009 should be even better than 2008.
13 hours ago