Disney Layoffs and Closure of 538
Disney has laid off about 200 employees in two major divisions due to declining ratings and revenue. The closure of 538, a data-driven site by Nate Silver, reflects a shift in public opinion. The entertainment job cuts are a result of people moving from cable to streaming services. The article also discusses the rise of new media outlets and the impact on traditional media companies.
Key Points
- Declining ratings and revenue in cable channels
- Shift in public opinion regarding data-driven sites like 538
- Impact of new media outlets on traditional media companies
Pros
- Transition to streaming services reflects changing consumer behavior
- Discussion on the impact of new media outlets on traditional media companies
Cons
- Job losses for about 200 employees
- Closure of 538, once a popular data-driven site