The Fort Worthless Startlegram wouldn't be in this kind of financial mess if they
only still had Molly Ivans to set their editorial direction.
Snort
Posted on 03/05/2009 9:34:41 AM PST by abb
Star-Telegram Publisher Gary Wortel announced today that because of "unprecedented revenue declines due to the economic recession," the paper would be reducing its work force by about 12 percent and enact a wage cut.
In a memo to employees, Wortel said the reductions would occur in virtually all areas of the paper's operations. In addition to involuntary layoffs, he said a voluntary buyout plan is being offered to many of the more than 1,000 workers.
The Star-Telegram reduced its work force by about 18 percent last year through voluntary buyouts, layoffs, attrition and outsourcing.
The paper also reduced expenses by entering a joint distribution agreement with The Dallas Morning News and selling some of its buildings. Last Sunday, the paper announced it was raising the single-copy price to $1 Monday through Saturday and $2 on Sunday, the first price increase for non-subscribers since 1995.
In addition to the work force reduction, Wortel said employees making more than $25,000 would receive wage reductions ranging from 2.5 percent to 10 percent, depending on their salary.
McClatchy Newspapers Inc., parent company of the Star-Telegram, announced several weeks ago that it was freezing 401k and pension plans at all of its more than 30 papers and would be looking to reduce expenses by more than $110 million company-wide.
"The impact of the economic recession on our ad revenues has deepened, forcing us to make these difficult decisions. We remain focused on our goal to be the number one local news source and provide a valued product to readers and advertisers," Wortel said.
(Excerpt) Read more at star-telegram.com ...
ping
The Startle-Gram may finally be giving up the ghost. Thank God!
http://newspapertrails2.blogspot.com/
Slashing begins in Fort Worth
http://cancelthebee.blogspot.com/
Fort Worth Star-Telegram to lay off 12 percent of employees, implement wage cuts
http://www.philly.com/inquirer/opinion/20090305_Editorial__The_Rocky_s_Demise.html
Editorial: The Rocky’s Demise
http://www.cjr.org/feature/get_off_the_bus.php
Get Off the Bus
The future of pro-am journalism
http://www.lvrj.com/neon/40770222.html
MEDIAOLOGY: Time for local newscasts to Facebook the future
http://www.salem-news.com/articles/march052009/internet_ads_tk_2-25-09.php
New Media and the Future of Advertising
http://www.guardian.co.uk/media/greenslade/2009/mar/04/usa-digital-media
Is this the new face of US journalism?
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003948199
It’s All About Longevity for These Five Dailies
http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2009/03/05/the_danger_of_losing_the_ethnic_media/
The danger of losing the ethnic media
In the year 2014, The New York Time has gone offline.
The Fourth Estate’s fortunes have waned.
What happened to the news?
And what is EPIC?
You are about to watch a future history of the media:
http://robinsloan.com/epic/
Excellent!
The last time I visited Ft. Worth and read that rag, their Lefty Art Reporter had a huge article featuring some forgettable sculptures of the ‘70s depicting tired, faceless workers trudging home from their thankless jobs.
It’s nice to know that these scribblers won’t have to worry about that any more. All they need to do now is wait for BO, their god, to send them their checks for life’s necessities.
They should start by laying off the editorial staff. They've never met a convicted murderer, especially one of color, who deserves to be executed.
A dollar for the daily paper? That’s steep. Should be about 50 cents tops.
[Seattle] P-I staff asking for donations
http://www.mynorthwest.com/?nid=11&sid=140939
10 cents.
After numerous generations of statist liberal dominated government schools crowding out the Three Rs in favor of sensitivity training, political correct diversity indoctrination, etc., these newspaper people are SURPRISED that they no longer have enough literate folk in the population who would be interested in subscribing to a newspaper?
Duhhhh...
And the more literate conservatives and libertarians out here don’t WANT to read the Bravo Sierra being dispensed by the Cynthia Tuckers (Atlanta Journal) of the world.
Sounds like a textbook case of planned suicide to me.
http://www.crainsnewyork.com/article/20090304/FREE/903049981
Redstone reportedly fought CBS dividend cut
http://www.nypost.com/seven/03052009/business/betting_on_bad_debts_158087.htm
BETTING ON BAD DEBTS
MEDIA BUYS ATTRACT
The business history of the United States is packed with stories of monopolies that could not/would not adapt. I’m convinced the newsies are more upset about losing their power than losing their jobs.
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003948253
‘Fresno Bee’ Threatens 25% Newsroom Cutback
The Fort Worthless Startlegram wouldn't be in this kind of financial mess if they
only still had Molly Ivans to set their editorial direction.
Snort
Stock Tip of the Week:
ACME BUGGY WHIPS.
These are VERY big with the whores who service the denizens of Capitol Hill.
Oh and the comments are quite satisfying to read. Here are a few:
Pam Palmentier wrote...
I Have a Ton of Stuff to Donate!
Like my hopes, my dreams, and a lot of other stuff I invested in voting for this uneducated pr!ck who is in the White House now. My neighbor - who I now believe is a complete moron - told me last year, “You have to vote for Obama. He will bring change. He will end the power of lobbyists. He will end earmarks. The economy will stabilize within his first weeks in office. And your stock portfolio will increase in value just by having his steady leadership in charge.” I think I will go throw a rock through my neighbor’s window. I wasted my vote, and now we are stuck with this empty suit for the next four years. But believe this: I will not be snookered into voting for a Democrat ever again. As for the Seattle P-I, I hope it goes the way of the Obama administration: gone, and quickly.
March 4, 2009 8:01 pm
battlin wrote...
Goodbye P-I
Far left wing anti-American fish wrapper . Take Horsey with you down the toilet
March 4, 2009 8:17 pm
tulsan wrote...
Donations
Thank god and hopefully, soon, Greyhound, you apologists will ge gone. I’m sure your can find other people of your mind...hopefully, normal thinking people will not look too harshly on you.
March 4, 2009 8:23 pm
momentsend wrote...
Just Die, Dang It Die
What happened to their Saviour, to their Messiah saving them? The Pravda was state sponsored so why not the PI? They are great at dispersing propaganda to the masses and thus a very vital and important part of the Socialist Movement. They are the great voice of the “working man” who will lie to him now? Its horrible that they now are forced to go on bended knee to beg of the evil pig bourgeoisie.
March 4, 2009 8:24 pm
mulligans wrote...
Bad business model
Who would donate to a company that strived to alienate half of their market? I will follow that model and pretend the PI doesn’t exist. It will be true soon enough. I’m starting a pool, anybody want to bet on the next liberal rag to fold?
March 4, 2009 8:39 pm
kawood wrote...
Don’t report the News
Newspapers that don’t report the news but their opinion don’t last. Keith http://www.power-upenergy.com.
March 4, 2009 8:42 pm
lemdog wrote...
They justg don’t get it!
The news business - papers, TV, and all - do not seem to understand they cannot get advertising dollars without readers. The biased information in these rags seem only to filter everything to come out as they believe. There sill be very few tears shed for these liberal entities leaving for good.
March 4, 2009 8:57 pm
RainyCityGuy wrote...
PI staff asking for donations?
Donate to keep the PI in business? Fuggedaboutit! Was a good newspaper once upon a time. Recent years found their loony-left editors converting their “journalists” to propagandists supporting their Socialist/Nazi agenda. Let the PI compete in the marketplace of ideas with other on-line publications. The PI’s electronic version will suffer the same fate their paper edition is currently undergoing.
March 4, 2009 8:58 pm
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