Posted on 10/19/2009 12:44:52 PM PDT by abb
The New York Times (NYT.N) plans to cut 100 newsroom jobs by the end of the year through buyouts and might resort to layoffs as it reels from the advertising revenue drop that is imperiling U.S. newspapers.
The news, delivered in a memo to employees by Times Executive Editor Bill Keller on Monday, comes after the newspaper's workers already took a 5 percent pay cut for most of this year and a similar program last year.
"When we took our 5 percent pay cuts, it was in the hope that this would fend off the need for more staff cuts this year," Keller wrote. "But I accept that if it's going to happen, it should be done quickly. We will get through this and move on."
The Times posted the news on its website. It said the paper's news department has 1,250 employees, down from 1,330 at its peak. It added that no other U.S. newspaper has more than about 750 journalists.
The Times, which plans to report its third-quarter results on Thursday, has been dealing with declines in advertising and mounting debt that have forced it to slash costs and sell assets.
The Times last week halted an effort to sell The Boston Globe after threatening earlier this year to close the paper unless big unions agreed to cost cuts. It also has been trying to sell its stake in the company that owns the Boston Red Sox professional baseball team.
Keller's memo was more blunt than previous ones obtained by Reuters.
"Let me cut to the chase: We have been told to reduce the newsroom by 100 positions between now and the end of the year."
(Excerpt) Read more at reuters.com ...
ping
Newsroom? The New York Times hasn’t been a news organization in a long time (if ever). Purely a propaganda arm of the Democrat Party.
http://www.freerepublic.com/focus/f-news/2365663/posts
Cut everyone but the crossword puzzle guy.
Nobody wants to pay to read their Obama controlled news online either.
http://mediadecoder.blogs.nytimes.com/2009/10/19/times-says-it-will-cut-100-newsroom-jobs/?ref=business
Times Says It Will Cut 100 Newsroom Jobs
More professional propagandists about to be out looking for work. No doubt the ObaMao regime will be more than willing to hire them on.
Loved this, first sentence & spun like a cheap bearing...
"The New York Times (NYT.N) plans to cut 100 newsroom jobs by the end of the year through buyouts and might resort to layoffs as it reels from the advertising revenue drop that is imperiling U.S. newspapers."
Circulation plays no role whatsoever, eh? LOL! LOL!!
Good grief, if it wasn't before it sure's at psychotic levels now. LOL!
The detritus isn’t needed now that Axelgreasy sends more complete talking points and directives out ... is Anita Dunn really that efficient? Mmmm, couldbe! Mmm mmm mmm
i was in a hotel recently and they deducted 75 cents a day if you refused USA Today. I did. I almost wanted to tell them to shove it. Cable TV and TV go this week too.
Screw the media, movie companies, magazines and newspapers. The only publication besides free industry stuff i get is the NRA magazine.
The only newspaper I would support is Investors Business Daily.
That good news LOL! any word on Maureen O’Dowd losing her gig LOL!
Why don’t they just have the WH send them their articles for each day - there whole operation would be paste up, print, and deliver. Imagine the savings?
This is good news. Can’t wait for Dowd and Rich walking streets of Manhattan with a tin cup.
http://online.wsj.com/article/SB125590995233693277.html
Build It With Tax Incentives, and Hollywood Will Come
http://www.observer.com/2009/media/new-york-times-cutting-100-newsroom-jobs
New York Times Cutting 100 Newsroom Jobs
http://www.poynter.org/column.asp?id=45
Brauchli: “The notion that I lied to NYT ‘hoping not to get caught’ is absurd”
greedy corporation CEO. I like to see them remain hired to increase the company cost thus leading them bankrupt quicker
They say pictures speak thousands words, but that particular one speaks a good deal more than a paltry grand! LOL
Yeah that’s what I thought as I scanned the photos of the weekend. No idea who did it, but he should be immortalized.
LOL. I agree with that.
*Axelgreasy*???
BWWWWWWWHAAAAAA!!!
Beauuutiful.
Rolls right off the ol' tongue, just as greasy stuff does. LOL
"When we took our 5 percent pay cuts, it was in the hope that this would fend off the need for more staff cuts this year," Keller wrote.
That's what they always say...
And it almost never works out that way.
Why not tell 'em to shove it, THEN checkin to another h/motel Frantzie? Good grief there're enough of 'em.
That'd be the day I PAID some outfit for not taking the *free* rag. I'd literally have had an aneurysm. LOL
In granite, no less. LOL!!
Great pic my friend and a more perfect "fit" than one of abb's DMDW threads would be damned hard to find. ;^)
This sounds like the punch line for a lawyer joke.
The Times needs more readers NOT fewer journalists. If people have to go, they should start at the top - those are the people who have NOT figured this mess out.
http://newsosaur.blogspot.com/
Text of Columbia report on MSM breakdown
http://cancelthebee.blogspot.com/
Morningstar analyst: “McClatchy’s cost cutting is not sustainable”
http://www.charlotteobserver.com/breaking/story/1009026.html
Charlotte Observer offers workers a voluntary buyout
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004023562
Ashland ‘Daily Press’ Drops Day, Goes to Online-Only Once a Week
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004023581
‘New York Times’ Seeks 100 Newsroom Job Cuts Through Buyouts
Sounds more like the hotel paid Frantzie for not taking USA Today.
Hey NYT - maybe you should rethink some of those “economy recovering” stories.
I’d love to see Maureen Dowd out pouring hot tar in a ditch. Those “shovel ready” jobs are so great after all. :)
unloading a piece of the Red Sox and Globe.. Good luck. hope they take a bath on both.
LOL!
“Hey NY Times - Let me cut to the chase” “Your newspaper sucks & who wants to pay for Obama propaganda.”
My guess the ex-NY Times staffers may be put in charge of the gulags they want to send us to.
Does this mean they can still suck....somewhere else?
Thanks man, got it. {doink!}
Must be dyslexic. LOL
An aneurysm saved is an aneurysm earned, they say. LOL
Maureen Dowd and Frank Rich may be turning tricks on 42nd Street. Rudy cleaned NYC up but 42nd St may revert back to prostitution.
Thank you ... I considered AxelSleazy, but with the consideration of what Axelrod’s astro-turfing is designed to do, I settled upon vague reference to ‘greasers’ one used to encounter at carnivals, the barkers, the greasy haired scamsters. Gads, if we only had a press which had not transmogrified itself into the domestic enemy of we the people, the greasy, sleazy, commie peesies might not have ascended to the Oval Office.
She HAS to keep a column someplace I would miss CZJ.
It is worse than that. It was a conference thing and it was at the Hyatt. Hyatt is owned by the pritzker’s who are big O supporters. I will never stay at a Hyatt again. I usually check google and the net to look for alternatives. If there is a more cost effective solution close by - I will take it.
One of the best I have found is Staybridge Suites owned by the Hiltons. Great lower cost hotel. Really good. They even have happy hour food and sometimes beer and soda plus breakfast.
That'd work, too!!
Y'know, variety's the spice of life, diversity & all that. LOL
"...but with the consideration of what Axelrod’s astro-turfing is designed to do, I settled upon vague reference to ‘greasers’ one used to encounter at carnivals, the barkers, the greasy haired scamsters."
Yes, I get the analogy now.
Was thinking more generically, like plain ol' bucket of smelly bearing grease. ;^)
"Gads, if we only had a press which had not transmogrified itself into the domestic enemy of we the people, the greasy, sleazy, commie peesies might not have ascended to the Oval Office."
Probably right, my friend.
OTOH the past few generations lost the meaning of the word "Fascists"; so, in a weird kind of way it's a learning moment.
I'd bet 1,000 quatloos before the usurper's term is half finished?
All who struggled with what the exact meaning of that word meant will have no doubts left, a'tall.
It's inevitable. ;^)
Modo would just plain revert to being a street walker.
...and they’ll be competing for the same target: men.
Um, with the last weeks of Bush and now Obammy at the ‘helm’, you might have to wager ‘credits’ rather than quatloos ... or maybe bernankes.
Oh?
Is that so.
"I will never stay at a Hyatt again."
Nor will I/we now thanks to your info my friend. Here, have a cyber beer on me. ;^)
Y'know if everyone offended by the NFL, NBC-Universal, Hyatt & on and on simply made a mental note those outfits simply are not considered everyone would save themselves a lot of angst. Just do it, I say and stuff the "protests", those entities know damned well the potential repercussion(s) of their decision(s). So, make their bad dreams come true. LOL
"I usually check google and the net to look for alternatives. If there is a more cost effective solution close by - I will take it."
While I usually let my bride set up extended trips?
I can give her orders saying anywhere but Hyatt when she asks if I've any special request(s).
"One of the best I have found is Staybridge Suites owned by the Hiltons. Great lower cost hotel. Really good. They even have happy hour food and sometimes beer and soda plus breakfast."
Free beer, huh.
SOLD!! LOL
Thanks, my friend.
And Franzie, really am sorry about my less than desirable reading comprehension skills. ;^)
"Let me cut to the chase: We have been told to reduce the newsroom by 100 positions between now and the end of the year."
Let me cut to the chase. This use of a cliche by the Slimes' Executive Editor is but one more example of Pinch's fine standards of journalistic excellence.
One can only conclude they is learned to write real darned good by the time they done reached the executive sweet.
Sweet coincidence. I’m in the middle of this one.
http://en.wikipedia.org/wiki/The_Kingdom_and_the_Power
“The Kingdom and the Power: Behind the Scenes at The New York Times: The Institution That Influences the World,” by Gay Talese
HA!!
Bernankes from Bernakettron?
Much less stable than quatloos, MHG.
Of course both beat the snot outa Earth's fed reserve notes. LOL
Once 0bama gets the Supreme Court to rule that the 1st Amendment applies only to the types of speech that were in existence when it was ratified and shuts down radio, TV and the internet, we made need these newspapers.
Quatloos are no longer accepted even on Regulus 5. I understand that the Deneb system out on the frontier might still accept quatloos, however.
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