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New York Times agrees to voluntary buyouts (Dinosaur Media DeathWatch™)
Poynter Online ^ | September 24, 2009 | Staff

Posted on 09/24/2009 6:54:45 PM PDT by abb

From: NEWSPAPER GUILD MAILING Date: Thu, 24 Sep 2009 19:03:54 -0400 Subject: Guild UNION TIMES: 'Cost-Saving' Committee Meets To: [New York Times guild members]

September 24, 2009

"Cost-Saving" Committee Meets Times Agrees to Offer Voluntary Buyouts Pay Cut to be Restored in January

Representatives of the Guild and Times management met earlier this week to discuss the possibility of offering a Voluntary Buyout and to identify cost-saving opportunities that still may exist at the newspaper.

The meeting was part of a process that was agreed to in discussions between the union and company management last spring regarding the temporary 5 percent pay reduction that Guild members approved.

In response to a proposal by New York Guild President Bill O'Meara, Times Senior Vice President of Operations and Labor Terry Hayes said the company would agree to offer a voluntary buyout. However, both also agreed that further discussions would be necessary to work out the parameters of the program, including such factors as eligibility, timing and the number of buyouts available. Hayes added that The Times was agreeable to a buyout "because the Guild and its members 'stepped up' to help the newspaper" by agreeing to the temporary pay reduction a few months ago.

When asked about the pay reduction, Hayes said Guild members are "guaranteed" to have their money restored on January 1, 2010, as specified in the agreement negotiated by the Guild.

Also at the meeting, Guild committee members presented a list of ideas to help the company save money in a variety of ways, such as more flexible use of compensatory time, bringing back the four-day workweek (for five days pay), and even reducing the massive amount of paper used in the building. The Guild also introduced several ideas on how its members may be able to help increase circulation.

It should be noted that the meeting took place in a spirit of cooperation between the Guild and management. Hayes said, "We all need to work together in this economic environment." O'Meara agreed, adding that the Guild was committed to helping to make sure that The Times remains successful.

Management thanked Guild committee members for their suggestions, which they said they would evaluate and revisit in future talks, including more discussion of the Voluntary Buyout program. We will keep you informed when more details become available.


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events
KEYWORDS: advertising; dbm; dinomrdia; newspapers; nyt; nytimes; someoneplaytaps
Thursday evening very good news.
1 posted on 09/24/2009 6:54:46 PM PDT by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


2 posted on 09/24/2009 6:55:23 PM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

Did NYT ever resolve its issue with striking Boston Globe unions?


3 posted on 09/24/2009 6:57:38 PM PDT by OrangeHoof (YES WE CAN have a Depression.)
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To: abb

Should Roger Ailes buy the New York Times before it goes under?


4 posted on 09/24/2009 6:59:39 PM PDT by LibertyVote
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To: OrangeHoof

Yes, they voted themselves a pay cut. But they’re not going to make it no matter what they do. Revenues are still shrinking.


5 posted on 09/24/2009 7:00:05 PM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

.."go ahead Vince, start without, I'm waiting for Keller"

6 posted on 09/24/2009 7:01:01 PM PDT by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: LibertyVote

I bid $1!


7 posted on 09/24/2009 7:01:10 PM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

That’s what drugged self-absorption will get ya!


8 posted on 09/24/2009 7:01:10 PM PDT by februus
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To: abb
The Guild also introduced several ideas on how its members may be able to help increase circulation.

Good luck with that as I'm sure there are a few more bridges that need burning.

9 posted on 09/24/2009 7:01:27 PM PDT by MaxMax (Um, Ah, hmm, um, er, ah, achoo, er, um, sneeze, er, BUSH'S FAULT)
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To: abb
Once again, Pinch and his fellow loving, caring liberals living big on the backs of the little guys.
10 posted on 09/24/2009 7:01:29 PM PDT by RJL
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To: abb

Shouldn’t have fired Jayson Blair. He was the closest thing to a journalist they had.


11 posted on 09/24/2009 7:01:33 PM PDT by Brilliant
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To: LibertyVote

Buy! Buy! Buy! A bargain at $7.75 a share, LOL!

http://www.google.com/finance?client=ob&q=NYSE:NYT


12 posted on 09/24/2009 7:03:35 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: abb

Human sacrifice was performed this evening at The Boston Globe...


13 posted on 09/24/2009 7:13:18 PM PDT by pabianice
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To: MaxMax
The Guild also introduced several ideas on how its members may be able to help increase circulation.

Push the little lever and flush.... that should help the NYT circulation..... through the drain.

14 posted on 09/24/2009 7:13:45 PM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
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To: abb

Could someone explain what the heck they are talking about here? What is the meaning of Voluntary Buyout?


15 posted on 09/24/2009 7:15:51 PM PDT by InterceptPoint
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To: abb

Maybe Pinch can have Maureen Dowd turn tricks at the corner of 41st and 8th Avenue.


16 posted on 09/24/2009 7:21:10 PM PDT by Carl LaFong (Experts say experts should be ignored.)
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To: abb
The Guild also introduced several ideas on how its members may be able to help increase circulation.

Dumping Sulzberger and his leftist stooges and becoming a responsible paper would probably help.

17 posted on 09/24/2009 7:42:06 PM PDT by MovementConservative (Go Ducks!)
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To: abb
New York Times agrees to voluntary buyouts

Will they PAY me for NOT posting their crap?

18 posted on 09/24/2009 7:45:57 PM PDT by Libloather (Tea Totaler, PROUD Birther, Mobster)
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To: abb

Once can only imagine what the media will be like when the old gray whore finally croaks. They get all their talking points from the Times.


19 posted on 09/24/2009 7:58:40 PM PDT by OrangeHoof (YES WE CAN have a Depression.)
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To: AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...

Awwwwwww...

Of course, whatever arises will be worse, and directly run by gov’t Demwits.


20 posted on 09/24/2009 8:35:28 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/__Since Jan 3, 2004__Profile updated Monday, January 12, 2009)
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To: Carl LaFong
"Maybe Pinch can have Maureen Dowd turn tricks at the corner of 41st and 8th Avenue."

Again?

21 posted on 09/24/2009 9:55:46 PM PDT by OldDeckHand (No Socialized Medicine, No Way, No How, No Time)
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To: Repeat Offender
Push the little lever and flush.... that should help the NYT circulation..... through the drain.

A FReeper who called Mark Steyn today came up with the ultimate solution to the circling the bowl print media and the new environmentalist attack on toilet paper. Promote the use of the New York Times and Washing Post as chic toilet paper. It avoids the potential Congressional bailout by the dummies and saves trees.

Steyn thought he was hilarious. Sorry I didn't catch the FReeper's screen name if he used it, but he was born in the Soviet Union and never knew what toilet paper was until immigrating to the USA. (In Russia he preferred Izvestia to Pravda (softer, I believe he said).

22 posted on 09/24/2009 10:11:39 PM PDT by DeFault User
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To: abb
Guild committee members presented a list of ideas to help the company save money in a variety of ways, such as more flexible use of compensatory time, bringing back the four-day workweek (for five days pay),

That should save the company negative millions

23 posted on 09/25/2009 3:46:27 AM PDT by GeronL (Are you one of those "individual responsibility" people?)
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To: DeFault User

lol

I missed that part.

Is it on his website?


24 posted on 09/25/2009 3:49:14 AM PDT by GeronL (Are you one of those "individual responsibility" people?)
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To: Carl LaFong

That’s going to take a while at a dollar a pop.


25 posted on 09/25/2009 4:10:52 AM PDT by Hardastarboard (Maureen Dowd is right. I DON'T like our President's color. He's a Red.)
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To: DeFault User
There is no need to waste trees for newspapers and energy/gasoline to deliver the wood pulp, to the newsprint factory, to the newswipe to the end reader.


26 posted on 09/25/2009 7:00:43 AM PDT by Grampa Dave (Does 0b0z0 have any friends, who aren't traitors, spies, tax cheats and criminals?)
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To: DeFault User
There is no need to waste trees for newspapers and energy/gasoline to deliver the wood pulp, to the newsprint factory, to the newswipe to the end reader.


27 posted on 09/25/2009 7:04:14 AM PDT by Grampa Dave (Does 0b0z0 have any friends, who aren't traitors, spies, tax cheats and criminals?)
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To: abb

as he subbed for Rush yesterday.....

I heard Mark Steyn say very quickly that the Washington Post lost $1.30 on each newspaper...


28 posted on 09/25/2009 7:35:51 AM PDT by dennisw (Free Republic is an island in a sea of zombies)
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To: GeronL

I haven’t checked the website, but Steyn also did a riff about the immigrants arriving in the USA, seeing the Statue of Liberty from afar, having heard that she lifted her torch to welcome them, but she is now holding a big roll of double layer toilet paper. ;o)


29 posted on 09/25/2009 7:56:19 AM PDT by DeFault User
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To: Grampa Dave

What will those capitalists think of next?


30 posted on 09/25/2009 8:01:47 AM PDT by DeFault User
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