Posted on 09/05/2008 5:56:05 AM PDT by abb
Dallas-based newspaper company A.H. Belo Corporation, which owns The Dallas Morning News, will cut more than 80 employees in addition to the 413 who will leave through a recent voluntary severance offer, the company said Thursday.
About 50 of the involuntary job losses will occur at The News, with about 30 coming at The Press-Enterprise of Riverside, Calif., and an unspecified number at The Providence Journal in Rhode Island. The company anticipates completing the cuts in mid- to late October.
Of the 413 employees taking the voluntary buyout, 270 came from The News.
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(Excerpt) Read more at dallasnews.com ...
ping
From today’s TechCrunch:
Can it get any worse for the newspaper industry? The steep decline in print advertising just keeps getting steeper and, for the first time, even online ad sales have gone down. Total print ads in the U.S. were down 16 percent in the second quarter to $8.8 billion. That makes nine consecutive quarters in which “print revenues have declined at an almost continuously accelerating rate,” notes Alan Mutter at Reflections of a Newsosaur. He put together the chart at left, which starkly illustrates the newspaper industry’s death dive.
The newspaper industry took in $1.7 billion less in print ads during the second quarter than the year before For the first half of the year, the industry is down $3.1 billion. At this rate, there won’t be an industry left by the end of next year. Of course, revenues have to stabilize at a lower level before that happens. Don’t they? Rght now, we’re at 1995 revenue levels.
Don’t look to online ad sales to save the industry. Online ads came to only $777 million in the second quarter, which was down 2.4 percent from the year before. That’s marks the first decline ever in digital revenues. The practice if bundling print and online ad sales isn’t helping in this case, either. Advertisers trained to buy bundled ads are more likely to drop the entire bundle when making budget cuts.
The advertising recession is in full swing, and no segment is safe any longer.
http://newsosaur.blogspot.com/
Newspaper sales headed below $40B
http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=89921&art_type=10
Newspapers Tumble In 2Q
http://www.projo.com/business/content/BZ_BELO0905_09-05-08_HPBFGC6_v12.c9307d.html
Job cuts on the way at the Providence Journal
They don’t need any reporters anyway. The entire non-local parts of the paper come directly from the NYTimes wire service.
when i lived in austin i used to read the dallas morning news.
anti-bush.
sux. big time.
here in socal the temecula and riverside press enterprise also sux. i don’t read it.
http://www.latimes.com/news/printedition/asection/la-na-mediaattacks5-2008sep05,0,6088101.story
Media on the defensive over Sarah Palin coverage
thanks.
i’m going to go read my print editions of the lat, nyt and wsj.
bye.
Now I know why their blogs have been so stridently against Sarah Palin this week. They're fearing for their jobs, and they're blaming it on Republicans.
Increasing the umemployment rate in a positive way. Let these so called journalist and many government workers get real jobs. Like they couldn’t see the Internet would make them obsolete.
WATCHING THEIR WORDS: ... News organizations say criticism of their reporting is a Republican political tactic.FReepers say criticism of criticism of reporting is a Democratic political tactic.
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