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 newspapers publisher, and Dean Baquet, its executive editor, said that the buyouts were a part of the companys 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 ...
They could start with these two hacks.
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.
Be seeing you.
The Tally Ho is a better quality paper than the NYT - signed No.1.
ping
what’s black and white and red all over besides barak?
Didn’t the Streetwalker buy the Boston Glob not the Herald?
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).
My mistake. It was the Boston Globe.
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.
“Who is Number One?”
“You are Number Six.”
...with a fake name...
...an anonymous poster...
What the hell, I'm a number. (Sobbing)
Lie and die New York Slimes.
In that last episode apparently #6 was in some form.
I didn’t get that scene.
An excellent series overall.
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.
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.
I wonder what the dead wood true believers will do with no income in NYC.
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