The decrease in advertising was swift, as businesses tightened spending due to the economic impact of Covid-19Coronavirus – live US updatesLive global updatesSee all our coronavirus coverageAs journalists across the US scramble to cover the impact of the coronavirus, they are grappling with a bitter irony: as demand for their stories soars, the decline of the business model that funds them is speeding up catastrophically.
The devastating sweep of Covid-19 is the biggest story in a generation, and for most newspapers and news sites it has triggered record numbers of readers. Yet the virus, industry experts warn, will spell the end for “hundreds” of those organizations, laying off journalists and closing titles.