National Geographic also went out of business last year, in that they now employ zero writers (Disney is the majority owner).
Warner Brothers Discovery Corp is performing a similar wind-down of the operations they own (they cut $3B from production budgets last year), and is hoping to apply the same thing to Paramount's holdings after their proposed acquisition is approved.
In particular, CNN and CBS will be owned by the resulting company, and there will be plenty more journalists to fire at the resulting conglomerate (WBD laid off a bunch of reporters at CNN last year as part of a pivot to cater to the Fox News audience).
The above is an obvious-in-hindsight side effect of having copyrights that basically never expire. Maybe after they've all burned themselves to ash (and stop bribing congress) we'll be able to repeal the Sonny Bono / Micky Mouse Protection Act.