Between the things happening at Disney, and the discovery/hbo/cnn talent/production cull, I think we’re witnessing the biggest purge of the arts and journalism in the US in at least a generation.
The [US] economy is actually fine, and all they know how to do is gut their own companies to "save" money.
If your task is to complete an exhaustive statistical survey on the issue, perhaps you're right, the comment is too vague.
If your intent is (as the parent's was) to contribute to a conversation by giving an opinion on what you observe happening to US journalism industry, with some example cases to illustrate the point, it's fine.