Ow. Ow. Ow.
From AdAge:
The U.S. advertising and media industry slashed 18,700 jobs in December, bringing industry job losses in this recession to 65,100…
All sectors of advertising, marketing services and media trimmed jobs in December except one: internet-media companies and web-search portals. That sector added 800 jobs, bringing employment (82,200) to the highest level since 2002…
Media’s biggest loser last year: newspapers, which slashed 31,200 jobs, or 9.1% of staff. Radio cut 8,100 jobs, or 7.4% of staff. Broadcast TV cut 5,100 jobs, or 4%, while cable TV added 2,500 jobs, or 3%. Magazine publishers cut 4,500 jobs, or 3.2%. Bright spot: internet-media companies, which added 5,400 jobs, or 7%