Now that Sports Illustrated’s three owners, Meredith Corp., Authentic Brands Group, and TheMaven, have completed the callous layoff of half of Sports Illustrated’s newsroom and finalized a deal that gives control of the publication to TheMaven, a wannabe
As the monopolies grow, the possibilities for securing revenue for writing and being party to its distribution constrict. According to the Poynter Institute, jobs in journalism shrank by 23 percent between 2007 and 2018 (in print by 45 percent). Shane Bauer’s 2016 report on private prisons, which contributed to a Justice Department decision to end private prison contracts, reportedly cost $350,000 to produce and brought its publishers $5,000 in ad revenue. Observers dispute attempts to place a dollar amount on what Google and Facebook have pulled from journalism earnings, but no one disputes that Google and Facebook have grown rich advertising around journalism, and news publishers, who create the “content” and pay those who write it, are losing. Other models for funding journalism, such as philanthropy and venture capital, are coming up short as well.
Carrie Bell likes being her own boss. A full-time freelancer for nearly 18 years, she covers entertainment and travel for outlets like Yahoo and PopSugar. Despite the rollercoaster highs and lows of working independently, freelancing agrees with her. “