Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

New York Times Co. to Offer Buyouts to Employees
The NY Times ^ | MAY 25, 2016 | KATIE ROGERS

Posted on 05/25/2016 7:20:51 AM PDT by McGruff

The New York Times will offer voluntary buyout packages to members of the newsroom and several business departments at the end of the month, the company announced on Wednesday.

In a memo, members of the executive committee, including Arthur Sulzberger Jr., the newspaper’s publisher, and Dean Baquet, its executive editor, said that the buyouts were a part of the company’s larger mandate to build a more digitally focused newsroom, and to reach its stated goal of doubling digital revenue by the year 2020.

“These plans will no doubt lead to new initiatives and investments,” the memo said. “At the same time, we will also need to make tough decisions about what to stop doing. Wherever we can reduce costs without damaging the values, and value, of Times journalism, we will do so.”

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News
KEYWORDS: dbm; layoffs; liberalmedia; nyc; nyt
Navigation: use the links below to view more comments.
first previous 1-2021-39 last
To: Fido969

They could start with these two hacks.

21 posted on 05/25/2016 8:00:30 AM PDT by Fido969
[ Post Reply | Private Reply | To 18 | View Replies]

To: McGruff
The New York Times with idiot heir Pinch or is it Punch, Arthur Sulzberger Jr. is going down the toilet fast.

This guy has made every mistake you can make and I keep wondering why the family does not replace him, probably too late in any event.

This guy sold off all their radio and TV stations, cash cows, sold the old Times building for far too little, then decides to build a new building for about $500 Million then sells it and leases back the office space, then buys the Boston Herald for $1 Billion, only to see it fail under their ownership and then they sell it last year for $1 to someone. This guy has been a one man disaster for the Family and the Newspaper and he thinks he will finally come out ahead in the Digital Age after squandering every good asset they had.

They should have a course at Harvard Business School with this guy on how to bankrupt a great company and trash what was once a good newspaper.

22 posted on 05/25/2016 8:13:15 AM PDT by Captain Peter Blood
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dr. Sivana

Be seeing you.


23 posted on 05/25/2016 8:36:54 AM PDT by Roccus (POLITICIAN...............a four letter word spelled with ten letters.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Dr. Sivana

The Tally Ho is a better quality paper than the NYT - signed No.1.


24 posted on 05/25/2016 8:37:54 AM PDT by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
[ Post Reply | Private Reply | To 15 | View Replies]

To: TheConservator; abb

ping


25 posted on 05/25/2016 8:38:37 AM PDT by bert ((K.E.; N.P.; GOPc;+12, 73, ....Opabinia can teach us a lot)
[ Post Reply | Private Reply | To 2 | View Replies]

To: McGruff

what’s black and white and red all over besides barak?


26 posted on 05/25/2016 8:50:19 AM PDT by longfellow (Bill Maher, the 21st hijacker.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Captain Peter Blood

Didn’t the Streetwalker buy the Boston Glob not the Herald?


27 posted on 05/25/2016 9:45:21 AM PDT by Rockpile (GOP legislators-----caviar eating surrender monkeys.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: McGruff

Yeah. I went through a “buy-out” at DEC. Ordered to a private room. Give me your badge. Here is your “buy-out” (one week’s benefit for every year you worked here). You have 5 minutes to clear your desk of personal items. The security guard will watch you and then escort you to the back exit into the parking lot. Talk to no one inside the building. Have a nice life. (Bob Palmer leaves the dead body of the company in a limo with $57M in bonuses).


28 posted on 05/25/2016 9:54:37 AM PDT by pabianice (LINE)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rockpile

My mistake. It was the Boston Globe.


29 posted on 05/25/2016 10:04:25 AM PDT by Captain Peter Blood
[ Post Reply | Private Reply | To 27 | View Replies]

To: TheConservator
My understanding is that the family and close friends own a special series of shares that give them total control of the board room. The NYT has a strange share structure where the vast majority of shares are non voting. Only the shares held by the family and friends, which actually constitute a minority of the share value, get to vote. Creates an interesting situation where the ideology of these few owners directs the company hell or high-water.
30 posted on 05/25/2016 11:00:54 AM PDT by Sam Gamgee
[ Post Reply | Private Reply | To 2 | View Replies]

To: McGruff

They want to replace the deadwood with the know-nothing 20 somethings of the Obama era...and do it at half salary.

I won’t argue they deserve more -either.


31 posted on 05/25/2016 3:14:14 PM PDT by Fitzy_888 ("ownership society")
[ Post Reply | Private Reply | To 1 | View Replies]

To: wally_bert

“Who is Number One?”


32 posted on 05/25/2016 3:21:16 PM PDT by Billthedrill
[ Post Reply | Private Reply | To 24 | View Replies]

To: Billthedrill

“You are Number Six.”


33 posted on 05/25/2016 3:22:43 PM PDT by dfwgator
[ Post Reply | Private Reply | To 32 | View Replies]

To: dfwgator
I AM NOT A NUMBER! I AM A FREEPER!!

...with a fake name...

...an anonymous poster...

What the hell, I'm a number. (Sobbing)

34 posted on 05/25/2016 3:24:20 PM PDT by Billthedrill
[ Post Reply | Private Reply | To 33 | View Replies]

To: McGruff

Lie and die New York Slimes.


35 posted on 05/25/2016 3:26:12 PM PDT by r_barton (GO TRUMP!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Billthedrill

In that last episode apparently #6 was in some form.

I didn’t get that scene.

An excellent series overall.


36 posted on 05/25/2016 4:21:54 PM PDT by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
[ Post Reply | Private Reply | To 32 | View Replies]

To: wally_bert
Yes, it was. That last episode led a lot of people to believe that when the protagonist asked "Who is Number One" at the start of each episode what we thought the answer was, "You are Number Six" was really "You are, Number Six." There's a lot of the second half of that wild final episode that leads you to think that - the butler leading the way into Number Six's apartment, for example.

Good, mind-bending stuff, a little much, I think, for an audience expecting a straightforward spy/escape story. The BBC reportedly had to hustle McGoohan off into seclusion when the controversy exploded.

37 posted on 05/25/2016 4:26:18 PM PDT by Billthedrill
[ Post Reply | Private Reply | To 36 | View Replies]

To: Billthedrill

I read similar about McGoohan having to hide out for a while.

He was also good in Ice Station Zebra and an old movie called Helldrivers. The first Doctor Who was in that as a villain and a fairly convincing one.


38 posted on 05/25/2016 4:29:41 PM PDT by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
[ Post Reply | Private Reply | To 37 | View Replies]

To: Fitzy_888

I wonder what the dead wood true believers will do with no income in NYC.


39 posted on 05/25/2016 5:14:50 PM PDT by Texas resident (Democrats=CPUSA)
[ Post Reply | Private Reply | To 31 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-39 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson