AM I NEXT? NO LOVE AT HEARST MAGAZINES -- OPRAH "0"

New York, New York-based Hearst Magazines, one of the largest publishers of magazines and media across all platforms, has announced a reduction in print frequency of Oprah Winfrey's signature magazine "O" from monthly to quarterly commencing in 2021. Additionally, the company will also lay off 59 employees commencing in February 2021.

According to a company spokesperson, “Supporting our colleagues through the peak of the pandemic by protecting jobs and enhancing benefits has been our priority. As we embark on this new chapter and introduce a new model for this beloved brand, we must also make difficult decisions to position the business for growth, which we are doing with consideration and care.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT QUIBI

Los Angeles, California-based Quibi, a short-form entertainment service for mobile devices headed by former Disney honcho Jeffrey Katzenberg and former HP CEO Meg Whitman, announced that it is shutting down all operations and attempting to sell the company's intellectual property.

It is unknown how many staffers face layoffs, but many were upset at the large up-front payments to name-talent while they were accepting pay cuts to preserve their jobs.

In spite of the legendary founders, almost $2 billion in venture capital, and a roster of A-list talent, the streaming service failed to attract a viable audience.

According to Whitman, "While we have enough capital to continue operating for a significant period of time, we made the difficult decision to wind down the business, return cash to our shareholders, and say goodbye to our talented colleagues with grace. We continue to believe that there is an attractive market for premium, short-form content. Over the coming months, we will be working hard to find buyers for these valuable assets who can leverage them to their full potential. All that is left now is to offer a profound apology for disappointing you and, ultimately, for letting you down.

Considering the amount of user-generated, high-quality content on Google's YouTube and the streaming products from Netflix, Hulu, and Amazon's Prime Video, it is a stunning failure of the company's business plan.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT THE PHILADELPHIA INQUIRER

Philadelphia, Pennsylvania-based, The Philadelphia Inquirer. a major print and email news operation serving the Philadelphia metropolitan area, has announced that it will be selling its printing facility located in Conshohocken, Pennsylvania. The sale will impact 500 employees. The company will outsource its printing operations to the Gannett Company, the largest newspaper operation in the United States, located in Cherry Hill, New Jersey.

The decision is purely an economic one as the company struggles to achieve long-term economic stability in a declining media market severely impacted by online media sources and the efforts of citizen journalists posting with real-time/on-location reports on social media platforms.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?