By: E&P Staff Media employment in December fell to a 15-year low at 886,900, "slammed by the slumping newspaper industry," AdAge.com reports. "Since media employment peaked in dot-com-infused 2000, media companies have eliminated one in six jobs (167,600)."
The report continues: "Newspapers, TV and radio all cut staffing last year. The only media sectors to add jobs: magazines (up a meager 400 jobs) and internet media companies (up 9,200).
"Internet media companies, a sector that includes search engines and web portals, is a bright spot, with a 13.4% jump in jobs last year. Still, internet-media employment remains 31% below its dot-com-bubble peak.
"The big problem is newspapers, which account for half (82,800) of media jobs lost since 2000. One in four newspaper jobs have disappeared since newspaper employment peaked in 1990.
"Newspapers, saddled with heavy costs of printing and distribution, last year accounted for 38% of U.S. media jobs, down from 50% in 1990."
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