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Re:L.A. Times to Furlough Workers as Ad Revenue ‘Nearly Elim... by CydeWeys on Tuesday April 14, 2020 @08:58PM (#22873311)
It's tied to lack of ad spending. This is global across the entire advertising industry. Companies are spending less because of the pending recession and in particular they're spending a lot less on advertising, because people are not buying much right now (they often aren't even going anywhere for days at a time).
Re:L.A. Times to Furlough Workers as Ad Revenue ‘Nearly Elim... by Loughla on Wednesday April 15, 2020 @09:50AM (#22877666)
This, 100%. My institution advertises with local news agencies and newspapers. The local television CEO contacted our President to thank him personally for keeping up with the ad buys. They've had a 90% drop in ads being purchased.

Apparently it's us (community college), the state, and grocery stores still buying ads.