Journalism really is in the dumps. The Washington Post‘s Jacqueline Trescott is reporting that Washington DC’s Newseum is letting go 10% of its staff. (This comes via Jim Romenesko.)
Writes Ms. Trescott:
In May, The New York Times‘ Katharine Q. Seelye called the $435 million Newseum possibly “one of the world’s most expensive museums now under construction.”
Ms. Trescott points out that it might not be the sorry state of the journalism business that’s hurting the Newseum, but rather banking:
In April, Media Mob quoted an eyewitness at the museum’s opening, who said, “there’s a line along Pennsylvania Avenue “three New York blocks long. It’s sick.”
Admission that day was free.