“Cooked” is a term commonly used by Australian journalists when reflecting on the current state of the industry. There is an abiding sense of unease in every major newsroom, not helped by continuing inflation driving down an already soft advertising market. Some companies, like Seven West Media, are more exposed than others to these challenges — but Nine’s recent mass layoffs show no-one is safe.
So how cooked is the media industry? In this instalment of Crikey’s Paint By Numbers, we bring you the key data points so you can figure it out yourself.
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Value of the newspaper market in Australia in 2014: $3.9
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