Coronavirus-Driven Downturn Hits Newspapers Hard as TV News Thrives

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The coronavirus outbreak has had a major impact on the U.S. economy, wiping out five years of growth in the second quarter of 2020.2 The news media have responded to these financial pressures with new closings and layoffs, adding to those that have already occurred over the last several years – though the government’s paycheck protection loans program may have provided some relief. But not all sectors, or organizations, have been affected equally.

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