Posted on 01/25/2013 5:28:22 AM PST by jimbo123
The deadline for New York Times newsroom managers to take voluntary buyouts came and went yesterday without reaching the target of 30 takers.
Now, insiders are worried that involuntary cuts layoffs will start.
Jill Abramson, the executive editor overseeing the process, declined to comment yesterday as the deadline passed but several insiders worried that as few as a dozen raised their hands and volunteered meaning up to 18 heads must roll.
(Excerpt) Read more at nypost.com ...
I am hoping The Boston Globe is right behind NYT’s slide into oblivion.
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Screw those bustards. The NYT gets a chance to cut the truly stupid/lazy ones. I really look forward to the day they cut the editorial page.
They would have to get the class A shares, and those are all held by Ochs/Sulzbergs. Sure would be nice to see some of them try and dump the class A shares.
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