Although much is said about the economic conditions in the US, it seems that UK might be even worst off as British media companies could cut tens of thousands of jobs in the coming years due to economic turmoil. According to a Reuters report half of all UK media jobs will become history by 2013:
Claire Enders, founder of independent consultancy group Enders Analysis, told Reuters she expected about half of all UK media jobs to go by 2013 under current economic conditions.
“We calculated the total jobs in the media in the UK at about 400,000, that includes newspapers, radio, TV, production companies, advertising and so on, at the end of 2007.
“Between the beginning of 2008 and 2013 we’re expecting half of those jobs to go. The big employers are the regional press, magazines, local advertising sales. Real numbers are in print.”
