Traditional media outlets are experiencing a significant decline in viewership and trust. CNN, which brands itself as 'the most trusted name in news,' attracted only 83,000 viewers aged 25-54 during its primetime slot from May 13-19, according to Nielsen. This decline is part of a broader trend, with half of the audiences for Fox, MSNBC, and CNN being in their 70s, and the median MSNBC viewer being 70 years old, according to WSJ. In response to these challenges, New York City is allocating $90 million in tax credits to help local news outlets hire and retain journalists.
BREAKING: New York City is setting aside $90 MILLION in tax credits so news outlets can hire and retain journalists. This is another indication that legacy media is DYING and dying fast. People do not trust them.
Mainstream media is dead. The median MSNBC viewer is 70 years old. Source: WSJ / Nielsen https://t.co/iB8VQHzdu1
Fascinating. Half of the people watching Fox, MSNBC and CNN are in their 70s. No wonder this traditional media is slowly dying. Quite literally. https://t.co/qJNyVL79sA
New York will set aside money to help local news outlets hire and retain employees https://t.co/FGfQtkYDjv
🇺🇸TRADITIONAL MEDIA IS DYING FASTER THAN EXPECTED | X SPACES GET A LARGER AUDIENCE CNN, which claims to be “the most trusted name in news,” drew just 83,000 viewers aged 25-54 during the week of May 13-19 in its primetime 8-11 pm slot. According to Nielsen, it was CNN’s… https://t.co/au55Ve0p1s