Wednesday, December 10, 2008

Seattle Times, half-owned by McClatchy, makes format changes to reduce staff and newsprint costs

The Seattle Times is making format changes to save money. Story here.

1 comment:

Anonymous said...

Referenced article puzzlement: I thought combining operational costs was part of the new plan?

“In Seattle, [economic recession] that squeeze is exacerbated by the anachronistic partnership known as the Joint Operating Agreement, in which the locally owned Seattle Times Co. prints, delivers and sells advertising for the Hearst-owned Post-Intelligencer.

In an era when most cities can barely support one newspaper, let alone two, the result is millions of dollars in red ink for both companies.”