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To: Milhous

Just in case you didn’t remember the tune.
http://www.youtube.com/watch?v=MJQu97_Xwiw&feature=related


24 posted on 01/20/2008 4:41:41 PM PST by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
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To: abb; sam_paine
Note prognosis at end and profits 53% below the same period a year earlier.

LOS ANGELES TIMES CUTS ... ITS EDITOR

osheap.jpg

Los Angeles Times editor James O’Shea has been fired 14 months after he assumed the post, over a budgetary disagreement with publisher David Hiller.

O’Shea is the third successive editor of the paper to leave over budgetary issues.

His predecessor, Dean Baquet, was ousted rather than make cuts requested by Tribune’s then management.

In July 2005, John Carroll had quit under similar circumstances.

Before joining the LA Times, Mr. O’Shea was a managing editor of the Chicago Tribune.

Los Angeles Times had a newsroom staff of more than 1,100 people at the start of this decade, but the number has declined to between 800 and 900.

Its weekday circulation has dropped from 1.1 million to about 800,000.

The profits of the Tribune newspapers in the first three quarters of last year were 53 percent below the same period a year earlier.

What’s next?

More cuts in all the Tribune papers.

More editors fired.


26 posted on 01/20/2008 5:01:15 PM PST by Milhous (Gn 22:17 your descendants shall take possession of the gates of their enemies)
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