Posted on 11/16/2005 9:57:32 PM PST by LdSentinal
CHICAGO The Chicago Tribune expects large layoffs in the next three weeks, likely "fewer than 100", Publisher David D. Hiller said in a memo to employees late Wednesday.
The announcement came the same day as Tribune Co. papers in Los Angeles and Orlando announced dozens of job cuts. "(W)ith other Tribune business units announcing cuts, and so many of you wondering about our plans, I wanted to share as many facts as I could today," Hiller wrote.
Hiller said the flagship Tribune cutting some newsprint costs, "in part through product changes," and was reducing planned spending on promotion.
"But we have also concluded that it will be necessary to eliminate some employee positions," Hiller wrote. "We have tried to be as careful and thoughtful as possible. In many cases we will be able to eliminate positions that are currently open. The number of current employees whose jobs will be eliminated will likely be fewer than 100, spread across all of our departments." The Los Angeles Times announced 85 job cuts earlier today.
Buyouts are not planned, the memo indicates. Hiller said layoff decision would be finalized in the next two weeks, and people affected would be notified "promptly.'
"Individuals whose positions are eliminated will be provided a severance package," he wrote.
The memo alludes to Tribune Co.'s depressed stock price, and the call by some investors for a sale of Knight Ridder Inc. "We intend to be successful for the long term and that means dealing with these major changes in our business," Hiller wrote.
He said the newspaper would "innovate and change," and suggested that "there also may be some things we should stop doing, or do only on our websites instead of in print."
Hiller said the newspaper would continue to "grow audience across a family of products and channels-starting with the blue paper," the in-house name for the Chicago Tribune printed newspaper. To become the leading Chicago-area online news provider, Hiller said, "will require growing our 24/7 news reporting efforts and retooling our organization to fit that continuous cycle, and we have plans for doing that."
"We want to invest for growth at the same time that the revenue in many parts of our business is coming under increasing pressure," Hiller wrote. "The only real solution is to find costs to reduce where possible and to use the savings to help fund investment."
What a wonderful start. Feel bad for those unemployed lefties, but their gov't will take care of them and I am sure the papers are giving them large severance packages. Its about time for the Times to lay off several hundred. If they can keep this up, in just a short while there will no longer be an MSM>
Again?
Chicago Tribune Plans Job Cuts As Ads Falter (6/7/04)
http://www.freerepublic.com/focus/f-news/1149401/posts
Time for those journos to know REAL work.
Believe me. If he's that good and with the internet his occupation is secure. Only because the White Sox won it this year. Just kiddin...lol...
Trib is the worst paper in the land. It is written in the Human Interest format with nearly every sob story sounding just like the last sob story. Its editorial board is comprised of nearly all guilty feeling whites and two black men and together they comprise a stuck record, and along with all their AA hires who pound out articles written to form it is nearly unreadable. Except for John Kass and a couple of sports writers such as Pierson it is a waste of time.
Every time a newspaper goes out of business, a forest gets to live....
Journo work habits, you say? Jayson Blair had it down to a tee. Wrote his stories about faraway places safely ensconced in NYC coffee houses. Trouble is he never told his editors.
NYT = NY Slimes, WPO = Washington Post, TRB = Chicago Tribune and LA Slimes
They will try to write books like Mary Mapes about how GW lied and they got fired.
None of these slimey/worthless POSes are capable of working.
Would you want a hamburger or fries made or handled by these diseased maggots?
"Trib is the worst paper in the land. It is written in the Human Interest format with nearly every sob story sounding just like the last sob story. Its editorial board is comprised of nearly all guilty feeling whites and two black men and together they comprise a stuck record, and along with all their AA hires who pound out articles written to form it is nearly unreadable."
Bingo! Even Dick Tracey is unreadable.
"If you own stock in MSM companies, it is way past time to dump em."
Yes. Also, 99.9% of any stock of any left wing rat company should have been dropped the week before GW was sworn in as president for his first term.
I got that advise from one of the most successful private investors I know. He said that most of the liberal companies had invested in the Clintoons, Gore and the Rats instead of research and improving their companies. The political patronage benefits they had bought under the Clintoons was no longer viable nor important. He was correct, and I acted then. Since then before we buy any mutual fund, I make sure that none of their top 20 stocks are left wing controlled companies.
Another step the liberal dominant media makes toward its inevitable demise!
You ever read Scot Ostler of the DF Chron?
Man, he is good!
Ed
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