Early this week, Time Inc. laid off 300 employees across its properties. On Wednesday, Huffpost laid off 39 employees. Then later that day Vocativ, another digital media site, laid off its entire editorial staff. Huffpost’s layoffs were part of a much larger retrenchment (2,100 layoffs) at Oath, the new company which combines what used to be Yahoo and AOL. Both are now owned by Verizon. Yet, while this is happening, TPM is expanding.
I’ve been doing this for almost 17 years. In that time I’ve seen all the challenges of this very challenging business, digital news publishing. So I want to be crystal clear that this is anything but gloating or taking the remotest pleasure in the challenging transitions that others are having. I’ve been there. My point in raising this is that the difference – why we’re here and they’re there – is no coincidence. And the reason is you.
Allow me to explain.
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