Bob Norman has heard layoffs at The Miami Herald are right around the corner, and the numbers could be significant.Sources say they expect a 20 percent reduction of staff in the newsroom, which translates to about 50 lost jobs. Furloughs and pay cuts are expected for survivors.From comments at The Daily Pulp:
The Herald's cuts, I've been told, probably will involve a lot of the redundant members of the newsroom, such as two of the three city hall reporters, two of the four cops reporters, etc., etc...Stay tuned here for the latest news and information, with no pleas for sympathy.
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10 comments:
Nice building. Is this the one with the parking lot they can't sell?
7:49 yes
JournalismJobs.com has a listing for freelance writers for the Star-Telegram. Nice. Layoffs then hire hungry journalists for pennies on the dollar.
Look for more announcements on Thursday with the NAA confrence Monday-Wednesday The rest of the MNI papers will finally disclose their decision.
Don't be suprised if more job cuts in the 2.5% 5.0% & 10.0% seems to be the going rate. Also of note will be the comments made by the publishers
The more I look at that building the more I think it might make a nice garage for my McClatchy Yacht. Cut a driveway, knock out a wall, flood the pressroom and Wahla! Can't wait for the liquidation sale.
"Who'll give me a hundred dollars?
One hundred dollar bid, now two,
now two, will ya give me two?
New York Times sells, leases back part of building Bostonhearld.com
NEW YORK — The New York Times [NYT] Co. has sold 21 floors of its headquarters building near New York’s Times Square.
The sale to investment firm W.P. Carey & Co. is for $225 million.
The newspaper had said in January that it was in talks with Carey for such a deal. Like other publishers, it has been seeking different ways for raising cash to pay off debt as sales of advertising decline. It suspended its dividend in February.
The sale to investment firm W.P. Carey & Co. is for $225 million.
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Uh...and McClatchy thinks that they are going to get 190 million for a parking lot? I dun think so!
United, Newspapers May Stand
The New York Times March 8, 2009 David Carr
Back when I was a young media reporter fueled by indignation and suspicion, I often pictured the dark overlords of the newspaper industry gathering at a secret location to collude over cigars and Cognac, deciding how to set prices and the news agenda at the same time.
It probably never happened, but now that I fear for the future of the world that they made, I’m hoping that meeting takes place. I’ll even buy the cigars.
So Just CLose the Doors Already!
(WSJ)Seattle Paper Advances Plans to Turn Into Online-Only Publication
By SHIRA OVIDE
The Seattle Post-Intelligencer newspaper is advancing plans to turn into an online-only publication, an untested experiment for a big city daily.
Hearst, which owns the P-I, said on Jan. 9 that the company would take 60 days to decide whether to sell the 118,000-circulation paper, convert it into a Web site, or shut it down entirely. People at the P-I say some journalists have been approached in recent days about working for an online-only publication.
Hearst declined to comment.
It's unclear how many employees would remain if the paper becomes a standalone Web site. Newspapers make roughly 90% of their revenue from selling print advertisements, so staff sizes would likely have to be cut steeply to match the expected revenue falloff.
MORE GOOD NEWS
Globe shutters its OT sports weekly
March 6, 2009
The Boston Globe’s sports weekly that launched last fall, has folded.
The oversize tabloid -- called OT, which stood for ‘‘Our Town/Our Teams’’ -- printed its last issue Thursday.
Although the paper was favorably received among readers, a weakening economy and lack of advertising forced Globe executives to pull the plug.
‘‘It never attracted enough advertising support, and in this economy, it didn’t look like it would, at least in the near future,’’ said Robert Powers, spokesman for the Globe. ‘‘We all are proud of the product that was produced, and we learned a lot from it. We’ll use that knowledge for future products that we develop.’’
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