I wrote a while back about whether the UK media industry would weather the [insert “economic storm” metaphor here].
I reckoned it would be changed significantly at least.
“We are on the brink of two years of carnage for Western media. In the UK five nationals could go out of business and we could be left with no UK owned broadcaster outside of the BBC. We are facing complete market failure in local papers and regional radio. This is sytematic collapse not just a cyclical downturn.”