Vocus' State of the Media in 2010: 293 Newspapers, 1126 Mags Fold
Vocus has released its comprehensive whitepaper State of the Media in 2010 in which it revealed approximately 293 newspapers folded, with nearly 100 of those shuttering in the year’s first quarter alone.
Meanwhile, 8 magazines with a circulation of 1 million or more ceased publication, and 600 staff members were laid off from top tier publications. Including print and online, 1126 magazines closed and radio stations are down from the previous year, and more than 10,000 jobs were lost.
Meanwhile in television, bankruptcies were common as more than 100 TV stations were affected by their parent companies filing Chapter 11.
Vocus, Inc., a leading provider of on-demand software for public relations management, offered a free 1-hour webinar and said in their press release
This release contains "forward-looking" statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions.