contraction

Nayfack: When there’s a contraction overall, the first things to go are the marginalized voices.

While the entertainment industry at large has been hurting amid a widespread industry contraction, California has been hit particularly hard.

All forms of production have been sluggish to rebound amid an ongoing industry contraction that predates the 2023 writers’ and actors’ strikes.

The conflict has also had a devastating impact on Gaza's economy, which the World Bank said had contracted by 86% in the first quarter of 2024, the "largest economic contraction on record".

Scripps is shutting down its 24-hour news channel on Nov. 15, another sign of a contraction in the TV news industry.