Posted on 02/22/2023 12:02:45 PM PST by ChicagoConservative27
National Public Radio is cutting around 10 percent of its workforce amid falling ad revenue and economic uncertainty, its CEO John Lansing announced Wednesday.
The nonprofit media organization’s financial outlook “has darkened considerably” in recent weeks, Lansing wrote in a memo to staff, shared with The Hill, as it faces a “sharp decline” in revenues from corporate sponsors in a weakened ad industry.
“We had created a plan to address a $20M sponsorship revenue falloff for FY23 but we are now projecting at least a $30M shortfall. The cuts we have already made to our budget will not be enough,” Lansing said in the memo.
“Unlike the financial challenges we faced during the worst of the pandemic, we project increasing costs and no sign of a quick revenue rebound. We must make adjustments to what we control, and that is our spending. We have reached a point where we can no longer protect all jobs,” he added.
(Excerpt) Read more at thehill.com ...
It’s a start........................😎👍
It should have been: "NPR to cut jobs by 100 percent"
Only 90% to go!
What kind of business model is it. Where they announce the sponsors of the show.. Let’s call it an Ad light.. But then along with that, ask people to send their money as well??
What if CNN ran a show, Pfizer bought all the ads.. Then at the end Cnn asks you to send them cash? *AND** You are already paying/ subsidizing them by subscribing to your TV provider...
Good news story of the day!
Now Congress just needs to cut funding for NPR during this period of economic uncertainty and then forevermore.
Hopefully Kneel Inskeep and Mary Gross and whacked.
I am sure they can learn to code.
Trying to feel sad but.....nope. Just can’t get it.
How hard is it to copy and paste from DNC emails?
They’re decimated!
Should be defenestrated!.............
Heheh! I see what ya did there.
Long ago their BS was reserved for the last 15 minutes of a show.
The last times I tuned in it was continuous.
I will not suffer through 30/60/120 minutes of BS to learn about what is happening.
Government cutting jobs? Never thought I’d see that.
learn to code, mofos!
Maybe they need to sell more Three Tenors DVDs and cheap plastic duffel bags with the logo ...............
So the jobs themselves are cut by 10%? Or are they cutting 10% of all jobs?
NPR headlines are rarely accurate.
Cut all taxpayer funding.
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