Posted on 02/28/2008 5:46:27 PM PST by LdSentinal
Newsday publisher Tim Knight Thursday announced that the newspaper will be cutting about 120 jobs throughout the company, citing declining sales and the "soft advertising revenue environment."
The reduction in Newsday's workforce -- about 5 percent -- comes as many news organizations nationwide have been cutting jobs to survive an already tough and competitive marketplace made more difficult by a slowing economy. Two weeks ago, several other news organizations owned by Newsday's parent company Tribune Co. -- Los Angeles Times, The Baltimore Sun, The Hartford Courant and the Chicago Tribune Media Group -- announced staff reductions affecting about 300 employees.
"My foremost responsibility is to ensure that we are a healthy organization equipped and motivated to succeed in this rapidly changing and challenging marketplace," Knight said in a memo to the staff. "Though we all know we will not grow by cutting, we have no choice but to respond to the revenue decline and make cost adjustments now."
The company did not disclose how many management jobs will be eliminated. Of the union positions, at least 25 of those reductions will take place in the newsroom on top of 13 vacant positions that have gone unfilled. The pressroom will be reduced by at least 24 union positions and the transportation bargaining unit will be reduced by at least five drivers, according to Zachary Dowdy, vice president of the Editorial Unit of Local 406.
The company will reduce the number of union positions through voluntary buyout offers and, if necessary, involuntary layoffs.
(Excerpt) Read more at newsday.com ...
Total mystery indeed.
duh...igoring the paying customers might be an answer...
-PJ
More Dinosaur Media cuts...............
http://www.boston.com/business/articles/2008/02/28/globe_offers_buyouts_to_60_employees/
Lamestream media ping
well,........the combination of biased and tabloid style news coverage, the easy availability of the internet, talk radio, and cable TV news channels, is eroding papers circulation all over.
Newspapers will have to adapt or die out in the new media environment. They are not guaranteed to make a profit or have a minimal level of circulation. If it’s not compelling enough for customers who have other choices, newspapers will be in trouble.
The cutbacks in real estate advertising is killing every media source. Newspapers, magazine, radio and tv.
cutbacks in the ad section have nothing to do with the decline in readership...
I don't see how we are going to be able to link to articles here at FR in the future if these publications continue to take a nose dive.
the papers will eventually convert to .com format since most off the rags today use ap, upi, rooters, etc. other than for local news. we will link to them. local papers prolly can live on as long as they keep their bias out of print and give the reader what they want.
local news and sports and weather.
I bet the paid subscriptions are really 25% of that number. The rest are dumped in dumpsters each morning to cheat the advertisors.?
Philadelphia Inquirer cutting about 100 jobs, mainly in their advertising department because of a big drop in advertising revenues - delightful......
The math is pretty easy. 3 million people works out to about 1.2 million households. 1 in 3 reads the fishwrap.
Seems about right.
I've known snobby dopes like him. When the call comes for substance, they absent themselves.
Nice to see trouble in the enemy’s tent. :-)
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