The Economic Outlook on the Media
From watching the videos for this class, I have learned that the newspapers and movie theaters are in serious trouble. The newspapers, at one point in time were the only way to get the news. As time went forward, and more technological advances took place, magazines came out, then radio, then television, and now we have the internet. We now have radio, television, and internet that can all be accessed from one device; a telephone. There are even newspapers that have websites! One could also use a search engine to obtain information. Though, some people enjoy sitting down in the morning to read the newspaper with a cup of coffee in hand, newspapers are still a dying brand. Not many people want to sit down and read a newspaper, and not many people have the time to do so anymore. During the Great Depression, movie theaters made an enormous amount of money. To go and see a movie was a cheap entertaining thing to do. Now, during the recession we are in today, not many people can afford to go see a movie at $10.00 a person plus snacks. Just to see a movie in a theater in todays day in age it can cost $20.00 a person! (which isn’t the most recession proof source of entertainment anymore.) This summer, box office totals have dropped compared to last summer. Being that summer is a good time to catch a movie, totals should be up. With box office hits hitting theaters, such as: Transformers, and Harry Potter, hopefully box office totals will go up. Another few forms of entertainment are: Hospitality, Leisure, and Food Services. The jobs in these categories were hit pretty hard during the recession but job availability has gone up over the past few months, which is a very good thing because this is my field of study. I want to be an event planner and at the moment I work at a hotel. Hopefully the job market continues to rise in the communications industry by the time I graduate. (next may!) Otherwise, I may be feeling the heat of the recession along with a few million other college graduates looking for jobs. In one of the videos that was assigned, there was a prediction of approximately 10% unemployment. Right now, unemployment is at 9.4 %. This means two things: people are trying to get into the workforce and look for jobs and more jobs are being lost. Hopefully the recession comes to an end soon because at the moment, I am not so sure there are going to be many jobs out there for inexperienced college graduates.
