The internet is causing something of an earthquake in the us media Industry by, which last year reported a nearly two-fold increase in job cuts as more people turn to the web as their main source for news
Challenger, Gray and Christmas,a newyork-based global outplacement firm that tracks job cuts, said 17,809 media jobs were eliminated in 2006,an 88 percent increase over 2005,when 9,453 jobs cut were announced.the downsizingis expected to continue
According to a recent study by the Washington-based pew research center, 50 million Americans turn to the internet everyday to seek outnews.only 17 percent say they get their news froma national paper.