Pandemic Makes Bad Situation Worse for Newspapers

The video discusses the decline of traditional newspapers due to the rise of online platforms like Google and Facebook, which attract audiences and advertising revenue. It highlights the financial struggles of newspaper chains such as Gannett and Tribune, with many being acquired by hedge funds. Even Warren Buffett has exited the newspaper business, selling his portfolio to Lee Enterprises. The pandemic has exacerbated these challenges, leading to job losses and potential bankruptcies in the industry.

What percentage of Google's revenue comes from advertising?

What are the implications of newspaper chains being sold to hedge funds?