The New York Times ran an article today about the many local news anchors which are being fired due to budget cuts. Local news stations have started to generate less revenue due to the current economic problems. Car companies and dealerships are some of the biggest advertisers on news programs, but with the crisis that auto companies are dealing with, there is much less money being spent on advertising. Looking to save money wherever possible, some stations have begun lowering salaries or laying off the most experienced anchors- those that command the highest price.
I wonder what effect this has, or could have, on those of us that plan on going into broadcast news. For the past several years it has become apparent that the print journalism business is shrinking and that there are less jobs available than there once were. Perhaps broadcast news is not immune to these same problems that plague print journalism.
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