Posted on 03/26/2009 7:14:36 AM PDT by anniegetyourgun
NEW YORK, March 26 (Reuters) - Washington Post Co (WPO.N) plans to offer a new round of buyouts in 2009 to employees at its namesake, money-losing newspaper, according to a memo obtained by Reuters on Thursday.
The buyouts, which the Post will offer to newsroom, production and circulation employees, is aimed at cutting costs at the paper, the memo said. The Post, like other U.S. newspapers, has been hurt by declining advertising revenue.
Washington Post Publisher Katharine Weymouth, whom the memo said announced the plan to the paper's employees, was not immediately available for comment.
The memo did not specify the number of buyouts that the Post wants and did not say how much money it expects to save as a result.
(Excerpt) Read more at reuters.com ...
Just die already you commie rag!!
more good news
The Post hasn’t been hurt by “declining advertising revenue”, although that is the standard excuse for failure of a leftist rag. The Post doesn’t sell because it is a democrat party newsletter and recruitment pamphlet for the radical left rather than a newspaper.
And a big reason the Post (and the Times) haven’t been hurt by declining advertising revenue is that their want-ad sections are huge, thick slaps of dead tree chock full of foreclosure notices. The Post display ad and insert revenue has got to be off, that much is evident.
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