Might I suggest the much maligned but alt-kewl quonset hut?:
And it'll fit nicely in the newly vacated Red Star parking lot!!
Posted on 01/26/2009 6:31:45 AM PST by abb
The Star Tribune informed an unspecified number of former employees from among a group of 29 who left the company last summer and fall that they might not get their full severance allotments because of the company’s Jan. 15 bankruptcy.
An additional 14 employees who began receiving continuous severance payments before July 14 will have to put in bankruptcy claims as creditors to receive any remaining money they are owed.
Separately, 42 more newsroom and other employees who left this month got full severance, either through lump-sum payments or continuous payments, under a company-requested motion that was approved by a federal bankruptcy judge last week.
A Star Tribune spokesman said about 600 employees have left the company since early 2007, most departing with severance packages that ranged to as much as 52 weeks of pay.
Newspaper revenues have dropped sharply nationwide.
Ben Taylor, a Star Tribune executive, said U.S. bankruptcy law limits to $10,950 the amount that can be paid to employees who are severed within six months of a bankruptcy filing. Any former employees who are still owed more than $10,950 must file claims as creditors with the bankruptcy court.
“If we owe a person $10,950 or less, we pay them in full,” Taylor said. “We are not required to pay the $10,950, but we were given the authority to do it … and we made the decision to pay.”
Graydon Royce, co-chairman of the newsroom union of about 275 workers, said, “It’s unfortunate that people who made a good-faith decision to depart and ease the company’s payroll burden are being rewarded in this manner.”
Meanwhile, Star Tribune Editor Nancy Barnes asked the paper’s St. Paul-based staff of nine people to move temporarily to the Minneapolis office while the company looks for less-expensive office space in the area.
(Excerpt) Read more at startribune.com ...
ping
http://www.minnpost.com/braublog/2009/01/23/6150/star_tribune_were_slashing_promised_buyout_money
Star Tribune: We’re slashing promised buyout money
what d!cks...
Couldn’t have happened to a nicer rag
Maybe France can buy the paper?
http://www.magazinedeathpool.com/
Inching closer to death: Doubledown Media
http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=99008
NBC Scores Olympic Profit
http://recoveringjournalist.typepad.com/recovering_journalist/
They Never Learn
http://www.newspaperdeathwatch.com/
Rethinking Micropayments For News
http://timwindsor.com/
Why it’s so hard to move revenue from print to online
.....I worked 28 years for a Fortune 500 company....eventually,I was let go when the company went thru the first of several “re-structuring” plans....I took my severance/retirement/401-k in one lump....and boy am I glad I did....today that company is trading at $1.25 and is in danger of being de-listed on the NYSE....moral of the story: if you are among the first to be let go, take your package in a lump sum and run like hell....DO NOT TRUST THERE WILL BE RETIREMENT CHECKS IN YEARS TO COME!!....GET EVERY CENT YOU CAN RIGHT NOW.
ping
Question: Who did the Minneapolis Star Tribune endorse for president?
Answer: Barak Obama
Why: Obama’s steady and analytical approach has stood out during the campaign. To make his vice presidential selection, Obama analyzed his own weaknesses and turned to Sen. Joe Biden, who offered deep foreign policy experience and the ability to assume the presidency if necessary.
LIGHTWEIGHT MARCH ISSUES: As media agencies and analysts predicted, the first quarter of 2009 proved to be a bloody one for magazines. According to figures published today by Media Industry Newsletter, the large fashion and beauty titles saw an overall 22 percent decline in advertising pages in the first three months of the year, a reflection of the recession impacting print. From the high-fashion to the more mass titles, the dismal numbers demonstrate to what extent advertisers are staying on the sidelines until things improve.
Allure, for example, saw a 35 percent drop in ad pages to 214 pages in the first quarter, while Vogue declined 28 percent, or 218 pages, to a total of 563 for the period. Glamour declined 22 percent to 291, and W posted a 40 percent drop, or 218 ad pages, for the quarter, carrying 322 pages. Glamour’s 291 ad pages this quarter reflect a 22 percent slide. And as same-store sales at retailers continue to slide, shopping magazine Lucky saw a 35 percent contraction in ad pages, raking in 203 pages for the first quarter. The Condé Nast-owned titles do not discount their page rates to advertisers, a stance that in the short term could deter some advertisers (Condé Nast also owns WWD).
At Hearst Magazines, Town & Country has seen a 30 percent decline in the quarter: The magazine carried 247 pages for the first three issues of the year. Harper’s Bazaar carried 396 pages, a 21 percent decrease compared to 2008, while Cosmopolitan’s 305 pages are 48 pages, or 14 percent, below last year’s total. O, The Oprah Magazine reported a 20 percent slide in pages, to 305. Marie Claire is off 16 percent, totaling 214 ad pages. Meanwhile, Elle dropped 26 percent, gathering 435 pages through March. In Style, whose publisher, Lynette Harrison Brubaker, is leaving the Time Inc. title, reported a 29 percent drop in paging, to 436.
The health magazines continue to manage the ad slide better than their fashion counterparts, but have still suffered during the downturn. Shape is reporting an 8 percent decline in paging, to 312, while Self lost 50 pages, or 18 percent, during the quarter, reporting 234 ad pages through March. Women’s Health declined by 28 pages, or 19 percent, to 115. Fitness was the only magazine that reported a page increase, but that’s because the Meredith Corp. title added an issue this year. That bumped its total to 201 pages, or 30 percent more than in the first quarter 2008. Essence also fared better than its peers, recording a 6 percent decline in paging compared to last year, to a total of 266.
— Stephanie D. Smith
http://www.deadlinehollywooddaily.com/variety-staff-layoffs-coming-this-week-plus-bart-vs-debalko-feud-brewing-bc-downsizing-to-standard-magazine-size/
Variety Staff Layoffs Coming This Week (Plus, Bart vs DeBalko Feud Brewing; Is B&C’s Grossman Going To Replace Bart?); B&C Downsizing To Standard Magazine
http://www.thedeal.com/newsweekly/features/black-and-white-and-red-all-over.php
Black and white and red all over
http://www.informationweek.com/news/personal_tech/TV_theater/showArticle.jhtml?articleID=212902296
Young TV Viewers Prefer Web Over DVRs
http://www.chicagotribune.com/business/chi-sun-cubs-tribune-jan25,0,5883545.story
Chicago Cubs sale deal in ‘uncharted territory’
http://www.washingtonpost.com/wp-dyn/content/article/2009/01/23/AR2009012303890.html
Citing Economy, WJLA Fires 26 Staffers
Another branch of the NY Times and LA Times fail oh well stuff happens.
http://www.freerepublic.com/focus/f-news/2171829/posts
The Gray Lady turns a deathly shade of pale (New York Times Death Notice Alert)
http://www.laobserved.com/archive/2009/01/more_tealeaf_reading_at_l.php
More tea-leaf reading at LAT
http://adage.com/mediaworks/article?article_id=134032
Fading Love Affair: How the Media Will Maul Obama
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/4340581/UK-Newspaper-Society-calls-for-state-support-to-weather-recession.html
UK Newspaper Society calls for state support to weather recession
http://adage.com/mediaworks/article?article_id=134075
What Does Carlos Slim Want With the NY Times?
Truth is fascinating, but PROPAGANDA IS BORING! Bye bye!
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003934326
EXCLUSIVE: Time Spent on Newspaper Sites Drops in December
pwn3d.
Might I suggest the much maligned but alt-kewl quonset hut?:
And it'll fit nicely in the newly vacated Red Star parking lot!!
http://newsosaur.blogspot.com/
French-style aid for U.S. press would cost $8B
http://gulfstreamblues.cafebabel.com/en/post/2009/01/26/Sarko-to-Save-Newspapers
Sarko to Save Newspapers
http://www.mediaweek.com/mw/content_display/news/magazines-newspapers/e3i8e1f30d51da4f8e85f3836bf4f0c2940
Keeping Her Chin Up: A Talk With Ann Moore
Ann Moore has overseen upheaval at Time Inc.—and she wouldn’t have it any other way
http://www.marketwatch.com/News/Story/Story.aspx?guid={EAFEC2C7-71E5-4409-93BA-780B6A8B4F12}&siteid=nbih
Bernstein downgrades CBS to underperform
Cites possible dividend cut, ‘unimaginable’ local downturn
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