Posted on 09/11/2008 5:00:22 AM PDT by abb
Under continued pressure to reduce costs, The Bee cut its work force on Wednesday by another 7 percent, this time through voluntary buyouts.
The Bee said 87 full- and part-time employees accepted a buyout offer that followed a previous round of layoffs and attrition in June that shrank the staff by 8 percent.
The buyouts went to 23 newsroom employees.
It wasn't clear whether that's the end of the staff cuts. At the time buyouts were offered, Publisher and President Cheryl Dell said more layoffs were possible if there weren't enough takers.
She said on Wednesday the paper won't know for a couple of weeks if the buyouts did the trick.
"I know there's anxiety with not having an answer today," she said.
The newspaper industry has been hobbled by the economic slump and competition from the Internet, prompting layoffs at almost every chain.
Revenue is down 15 percent this year at The Bee's parent, The McClatchy Co. of Sacramento. Advertising has fallen 22 percent at McClatchy's California papers.
McClatchy is also dealing with speculation about its future following the resignation last Friday of Chairman and Chief Executive Gary Pruitt as a co-trustee of four trusts that control much of the McClatchy family's company stock. Pruitt sharply denied a Wall Street Journal column Wednesday suggesting that his resignation was a first step toward a financial restructuring of the company.
snip
(Excerpt) Read more at sacbee.com ...
ping
It’s obvious that the problems of the Sacramento Bee result from the unwillingness, on the part of it’s editors, to allow it’s reporters to fully express their liberal point of view.
Dude, you TRADEMARKED the term “Dinosaur Media DeathWatch”?
Too funny.
Just a little tweak for the Drive-Bys, lol.
On the day of the attacks that the best and brightest Bee brains blamed on us (in part) there is news of more loss of business, circulation and jobs at the Bee.
Shortly after "blame the U.S. for 9/11" the Bee publisher caught the ire of the community by condemning Pres. Bush and Att. Gen. Ashcroft for being mean to accused terrorists.
It ain't 100% cuts yet but soon?
When he started having circulation problems in his feet and legs the doctors told him to stop smoking.
He eventually lost his toes, then his feet and then his legs below the knees.
MSM has been shown that their liberal habit is killing them. They refuse to quit.
Hint: When you see the pilot of the airplane you are on walking to the back door with a parachute, he ain't getting coffee.
How does that song go? Oh right.
BURN baby BURN
“MSM has been shown that their liberal habit is killing them. They refuse to quit.”
The arrogance of the MSM liberals and their insanity (BDS and now PDS) is killing them.
Yet they continue to use the Dixie Chick marketing strategy, which po’s at least 50% of their potential readers and advertisers.
The Bee has been a clear and present danger to America, going back to when Ronald Reagan was governor.
America will be a safer and more decent place when all of the Bees close their doors.
By my count, they’re now down to about -10% of their original work force.
Ooops! I forgot to ping the Father of the Dixie Chick Marketing strategy.
(....yuk, yuk, yuk...)
Leni
BOL!
I had to increase my screen pixels by 150% to even see the “kinkos” box on the chair.
Do you have a larger picture for those of us with old eyes?
Sorry for the small picture.
It is all that I have.
http://www.tdu.org/node/2350
Minnesota Newspaper Teamsters Say No to Concessions
http://www.newsreview.com/sacramento/Content?oid=823219
Sympathy for the CEO
Sacramento Bee parent McClatchy Company is headed for the bottom. Company head Gary Pruitt aims to stem the tide, or go down with the ship.
http://www.mediapost.com/publications/?fa=Articles.showArticleHomePage&art_aid=90375
Magazine Ad Pages: Down 9.2% Through August
http://venturebeat.com/2008/09/10/tc50-joss-whedon-may-have-found-internet-success-but-will-hollywood-follow/
TC50: Writer-director Joss Whedon may have found Internet success, but will Hollywood follow?
http://news.yahoo.com/s/ap/20080911/ap_on_re_us/apme_conference
Researchers: Press struggling to adjust to Web
http://www.portfolio.com/views/blogs/mixed-media/2008/09/10/murdoch-i-wont-put-the-times-out-of-business
Murdoch: I Won’t Put the ‘Times’ Out of Business
http://www.smartmoney.com/breaking-news/ON/index.cfm?story=ON-20080910-000796-1423
Time Warner CFO: Publishing Business ‘Softer’
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003849167
Three Montana Papers Announce New Round of Layoffs
The Waspman agreeth and sayeth unto them vipers... BUZZ OFF BEES!!!
LOL! and your joke was funny too!
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