Nefarious Corporate Overlord Accidentally Kick-Starts Media Company

Source: The American Prospect
by Ryan Cooper

“Video game journalism is in poor shape. The reasons are broadly similar to the rest of the journalism industry, where one-third of the newspapers existing in 2005 will be gone by 2024, according to a new analysis. Facebook and Google have sucked up most of the online advertising market, destroying the historic business model of journalism. Making things worse are conglomerate corporate owners, often little more than cynical content mills (or worse, private equity), who are constantly buying up publications and gutting them for a quick buck. All the worst trends were on display on November 6, when Gamurs Group, owner of The Escapist, fired that publication’s editor in chief, Nick Calandra, along with some other employees. The supposed reason was lack of profits.” (11/20/23)