Greek media goes on strike

As a financial meltdown continues to grip the country, the media of Greece has gone on a 24-hour strike on Monday morning, according to the coordinating committee of unions in the Greek media. Television channels and radio suspended news broadcasting at 6 a.m. local time, and news websites are not being updated. The Athens News Agency has also stopped work, and there will be no newspapers released on Tuesday. Journalists are seeking collective contracts from their employers, which are considered to provide better outcomes than individual contracts. The current financial crisis in Greece and its shaky position in the euro zone has hammered the Greek media and advertising markets, among other sectors, forcing out the leading TV channels, radio stations and newspapers. The remaining media outlets are struggling to keep afloat, with revenues slumping.