Press Gazette has previously explored the impact the cost of living crisis is having on low-paid reporters, but what impact could rising costs have on the industry at large?

New exclusive analysis of pre-Covid figures by the NCTJ on the future jobs of course alumni by Press Gazette has found some 13% of graduates desert journalism roles for jobs in PR or the wider economy within three years. That meant less than half of those who qualify with an NCTJ diploma were working in journalism roles within three years after graduating.

Now academics and the National Union of Journalists are warning that the cost of living crisis, mixed with historic low wages, risks a worsening “exodus” of journalists as the industry risks becoming an “unaffordable profession” that leaves outlets struggling to retain talent.