Financial Crisis 2008

For the telecommunications industry, hard times are nearly over - or here to stay, depending on whom you ask.

The deep U.S. recession -- which erupted into a full-blown crisis with the collapse of Lehman Brothers in September 2008 -- was the biggest story in the mainstream news media in 2009. But the media by and large did not see this coming. Attention to the economy was minimal in 2007.

IT employment grew by 0.37 percent, or 14,000 jobs, in February, one of the strongest month-to-month gains since 2008.

Former treasury secretary Hank Paulson analyzed the performance of news organizations during the economic crisis.

Vice President Joe Biden sent President Barack Obama a report on the first year of implementation of the American Recovery and reinvestment Act, signed into law on February 17, 2009.

Media conglomerates hadn't seen revenue growth for at least a year, relying on cost cuts to boost their bottom lines. But the current quarterly earnings season has brought a return to at least slight growth at several sector biggies.

For the first time in nearly two months, coverage of the U.S economy led the weekly news agenda.

Some of the biggest US media companies are rebounding from a crisis that many expected to finish them off.

Air America Media, the left-leaning radio network with a political mission, told its employees Thursday (Jan. 21) that it had filed for bankruptcy and will shut down operations by Monday.

International Monetary Fund chief Dominique Strauss-Kahn said Monday in Tokyo that Japan and other leading economies should avoid easing their stimulus programs "too early" before private demand becomes strong enough.