Posted on 11/30/2004 1:49:01 PM PST by schaketo
Newsday is cutting as many as 100 jobs through voluntary and non-voluntary buyouts, the Long Island newspaper's publisher said Thursday.
"We have been engaged in a thorough review of everything we do, establishing priorities for next year based on our strategic objectives," Publisher Timothy Knight wrote in an e-mail to employees. A story about the cuts was also posted on the newspaper's Web site.
"It is clear that we will face continued revenue challenges next year and, as a result, we need to make significant changes in the business in order to have a healthier newspaper for the future," Knight said.
The announcement of job cuts comes two days after Newsday editor Howard Schneider resigned and was replaced by John Mancini, an assistant managing editor who had overseen the newspaper's New York City edition for the past three years.
The newspaper cited sources saying Knight and Schneider had disagreed over the magnitude of job cuts and other issues.
Details of the buyouts were not immediately reported.
Newsday has been facing cost cutting pressures following a recent scandal involving overstated circulation. Newsday is owned by Tribune Co., which also owns Hoy, a Spanish-language newspaper that had also overstated circulation. Tribune has tightened circulation controls and is making restitutions to advertisers.
Tribune shares were down 23 cents at $43.40 in morning trading on the New York Stock Exchange.
The Dallas Morning News, owned by Belo Corp., and the Chicago Sun-Times, owned by Hollinger International Inc., have also acknowledged inflating circulation figures.
Maybe they'll get lucky and get hired by the NY Post.
Maybe they should try journalism again.
Admittedly, , this is just a concept, but have they considered reportinig the news?
This has nothing to do with reporting news. It has everything to do with the higher-ups lying about circulation figures. When the truth started to come out all the big shots retired with their bonuses and packages all safe and sound. It's the "little people", the workers in the pressrooms and other departments who are now losing their jobs because of what the executives and others did with the circulation numbers.
Newsday isn't the only paper that has done this. Other papers will get caught too. But the bottom line is it's the workers who will pay the price.
When you allow a 1st ammendement "licensee" to "protect it's sources," this is the kind of fraud you get -IF EVERY ASPECT OF THE FOR-PROFIT BUSINESS!!!
Lousy journalism led to loss of circulation. Circulation dips were covered by lies.
Circulation was not really the problem. The numbers go up and down normally. The bogus circulation numbers were invented so Newday would be able to charge more money to their advertisers.
The advertisers, believing the numbers, kept on paying more and more money and Newsday raked it all in.
Many workers are now losing their jobs thru no fault of their own....... and the execs involved retired as soon as this hit the news and walked away with obscene retirement packages.
I wonder at what point Newsday's declining circulation intersected with its phantom readers. If they'd had a good product, they wouldn't have needed to lie.
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.