Thursday, June 30, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Biz Plus

Britain’s financial sector fears volatility, loss of clients on no-deal Brexit

AFPbyAFP
December 13, 2020, 7:20 pm
in Biz Plus
Reading Time: 3 mins read
A A
72
SHARES
Share on FacebookShare on TwitterShare on Email

New York—The buzzing newsroom has long been the lifeblood of American newspapers. But in recent months the buzz has become virtual as the pandemic deepens the industry crisis and forces journalists to work remotely.

In recent months, established dailies such as the New York Daily News, Miami Herald and Baltimore Sun have joined other news outlets abandoning their headquarters, amid pandemic workplace restrictions that had already left them empty.

Tribune Publishing, owner of the Baltimore daily and others, has acknowledged it is re-evaluating its real estate needs as it struggles with a difficult environment, with lower print circulation, falling advertising revenues and increased costs for health and safety.

But many journalists say the loss of the newsroom has changed the nature of their work and worry that newspapers may not re-establish newsrooms even after the pandemic.

“A newsroom is a lot more collaborative than a lot of other workspaces are,” said Emily Brindley, a reporter at the Tribune-owned Hartford (Connecticut) Courant, which shut its newsroom this month.

ADVERTISEMENT

“I definitely think that it’s going to have an effect on the product,” added Brindley, an organizer of the Courant Guild, which represents journalists. “I do feel that there will be some intangible effects.” 

One of Brindley’s colleagues in Hartford, Daniela Altimari, said she believes the pandemic  “proved that we could all work from home and still put out a newspaper,” making it unlikely the newsroom will reopen. She fears for the quality of the work.

“Newsrooms are factories for ideas in a way. There’s a lot of chance encounters,” Altimari said. “You get ideas by talking to colleagues. Those chance encounters can really lead to better work.”

Victor Pickard, a professor who follows the sector for the University of Pennsylvania’s Annenberg School for Communication, said the pandemic “is certainly accelerating and exacerbating the journalism crisis, but this crisis predated the pandemic by years.”

He said large newspaper chains such as McClatchy and Tribune “are seizing this opportunity to cut costs, as they often do in order to maximize profits,” while adding that at the moment “they’re not very profitable these days.”

The move out of the newsroom follows a long crisis for the sector that has seen consolidation by major chains, the closing of many smaller papers, and hedge funds buying newspapers only to slash costs and squeeze out as much profit as possible.

For decades, the newsroom has been a mythical place whose atmosphere was captured in films from “His Girl Friday” to “All the President’s Men” to “Spotlight.”

“There’s a sort of alchemy that happens when you have a lot of reporters in a room together,” said Marijke Rowland of the California-based Modesto Bee.

“There’s nothing quite as interesting, vibrant and at times weird as working in a newsroom,” she said. “That’s an incalculable loss, for local journalism particularly.”

Some major newspapers such as the New York Times, Washington Post and Wall Street Journal have maintained or even boosted their journalistic staffs even as they adapt to remote journalism.

“No one doubts that (the major dailies) will reopen when it’s safe to do so,” said Dan Kennedy, a Northeastern University journalism professor.

But smaller local and regional newspapers are in more difficult straits and may struggle to get their newsrooms back, he noted.

“I just hope that any newspaper owner who is committed to doing a good job understands the importance of having a newsroom,” Kennedy said.

But with an industry in turmoil and facing challenges from a shift to digital news consumption, some fear the newsroom will become a relic of the past.

“These trends are so structural that they have very few options,” Pickard said.

“The advertising revenue model is irreparably damaged and will never come back for newspapers. For those that are not able to sustain themselves through subscriptions, which includes nearly all newspapers other than the national big three, there’s not much they can do.

“It’s very difficult to remain profitable, so they’re going to continue to cut costs.” 

Thomas Urbain

Tags: American newspaperscoronavirus pandemicTribune Publishing
ADVERTISEMENT
AFP

AFP

Related Posts

GLOBAL-ESTATE RESORTS, INC.: Notice of the Annual Stockholders’ Meeting

byManila Standard
June 30, 2022, 6:00 am
0
138
GERI sees P1b in sales from new project in Cavite

NOTICE AND AGENDA OF THE ANNUAL STOCKHOLDERS’ MEETING TO ALL STOCKHOLDERS: NOTICE IS HEREBY GIVEN that the 2022 Annual Meeting...

Read more

Pag-IBIG’s five-month loans hit record P40.4b

byManila Standard
June 29, 2022, 7:20 pm
0
142
Pag-IBIG Fund finances homes of more than 18,000 low-wage earners in Jan-Sep 2019

Pag-IBIG Fund surpassed its own record by releasing over P40 billion in home loans in the first five months, top...

Read more

Ressa: SEC affirms order to shut down Rappler

byJenniffer B. Austria
June 29, 2022, 10:55 am
0
292
Ressa: SEC affirms order to shut down Rappler

The Securities and Exchange Commission (SEC) has affirmed its order revoking the incorporation papers of online news organisation Rappler, Inc....

Read more

CONCEPCION INDUSTRIAL CORPORATION: Notice of the Annual Stockholders’ Meeting

byManila Standard
June 29, 2022, 6:30 am
0
140
CONCEPCION INDUSTRIAL CORPORATION: Notice of the Annual Stockholders’ Meeting

NOTICE OF THE ANNUAL STOCKHOLDERS’ MEETING TO: ALL STOCKHOLDERS Notice is hereby given that CONCEPCION INDUSTRIAL CORPORATION (formerly Concepcion Airconditioning...

Read more

GLOBAL-ESTATE RESORTS, INC.: Notice of the Annual Stockholders’ Meeting

byManila Standard
June 29, 2022, 6:00 am
0
143
GERI sees P1b in sales from new project in Cavite

NOTICE AND AGENDA OF THE ANNUAL STOCKHOLDERS’ MEETING TO ALL STOCKHOLDERS: NOTICE IS HEREBY GIVEN that the 2022 Annual Meeting...

Read more

Vietnam halts scuba diving off popular island to protect coral

byAFP
June 28, 2022, 6:00 pm
0
138
Vietnam halts scuba diving off popular island to protect coral

HANOI, Vietnam―Vietnam has banned swimming and scuba diving at a popular central tourist spot in an attempt to revive its...

Read more

Stories you may like

  • Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    36808 shares
    Share 14723 Tweet 9202
  • Of course, it was BBM’s project

    30899 shares
    Share 12360 Tweet 7725
  • INC endorses BBM, Sara

    28811 shares
    Share 11524 Tweet 7203
  • Duterte’s seven biggest achievements

    22115 shares
    Share 8846 Tweet 5529
  • Marcos leads SWS survey on presidentiables at 50%

    13584 shares
    Share 5434 Tweet 3396

Print Edition

View More

Recent Posts

  • Hong Kong on high alert as Xi Jinping visit expected for handover
  • ‘No progress made’ on Iran nuclear talks: US State Department
  • UK urged to cleanse ‘stain’ of dirty Russian money
  • GLOBAL-ESTATE RESORTS, INC.: Notice of the Annual Stockholders’ Meeting
  • Sneakers for Makati : AB4.0
  • Handover: Fresh start begins
  • First Family to showcase local fashion design in barong, terno
  • No signal jamming at inauguration site

Advertisement

Latest News

Handover: Fresh start begins

byRey E. Requejoand2 others
June 30, 2022, 2:00 am
0
221
No signal jamming at inauguration site

BBM takes oath as 17th President at 12 noon amid high hopes At 12 noon today and with the eyes...

Read more

First Family to showcase local fashion design in barong, terno

byMervin Vince Lopez
June 30, 2022, 1:55 am
0
282
Teen kills 19 children in Texas school

For his inauguration today, President-elect Ferdinand Marcos Jr. and his family will wear several barong Tagalog shirts made by local...

Read more

No signal jamming at inauguration site

byWillie Casas
June 30, 2022, 1:50 am
0
271
Vax wastage, infection surge feared in Odette-hit areas

The Department of the Interior and Local Government (DILG) said there are no plans to jam mobile phone signals during...

Read more

Marcos: I’ll sue agri smugglers; Sotto: I’ll spill all

byMacon Ramos-Aranetaand3 others
June 30, 2022, 1:45 am
0
433
Musk buys Twitter, vows to let users fight trolls, disinformation

President-elect Ferdinand Marcos Jr. has vowed to prosecute all personalities involved in agricultural smuggling in the country, as he had...

Read more

Calida moves to COA, Veloso to GSIS, Manalo likely to DFA

byRey E. Requejoand1 others
June 30, 2022, 1:40 am
0
667
Lawyer presses SolGen to move for SC justice ouster

President-elect Ferdinand Marcos Jr. has designated outgoing Solicitor General Jose Calida as chairman of the Commission on Audit and Jose...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App