New York Times CEO Janet Robinson says she plans to
lay off more employees and sell more assets.
New York Times Co. on Thursday reported a surprise profit thanks to deep cost cuts and a one-time tax benefit, as Chief Executive Janet Robinson said she is planning more cuts and pushing harder on selling off assets as she tries to restore the company's health.
Ms. Robinson also has been working on the next critical step: trying to convince advertisers that the newspaper is getting ahead of the technological changes that are rapidly eroding its business.
New York Times CEO Janet Robinson says she plans to lay off more employees and sell more assets.
18 comments:
Yes!!! Die you filthy whore!
But why don't they simply listen to McClatchy management and raise salaries in August?
Carlos the Jackal, I mean Carlos Slim really bent Pinchy over eh?
Funny, it’s only now that Pinchy should speak at university graduation ceremonies and apologize for students for graduating in times like these.
There will not be any return to previous salary levels, nor to raises until at least next year.
And the times just didn't cut deep enough the first time. Had they cut 10% at once instead of 5% they wouldn't be doing it again.
Anon 6:40 Agreed. Then what the heck are they going to do about Boston Globe hemorrhaging pesos?
Dump it and then let local philanthropists take it over to "save" it.
BUT YOU SAID McCLATCHY SALARIES ARE GOING UP IN AUGUST?
(Ann Arbor News) Closed for business (Chicago Tribune)
As a gloomy, intermittent drizzle fell on southeastern Michigan Thursday morning, the final edition of the Ann Arbor News rolled off the presses, bringing to an end a journalism institution with local roots going back to 1835. Yes, publications come and go and other papers have gone under this year -- most notably the Rocky Mountain News and the Seattle Post Intelligencer -- as the crisis in our industry deepens.
But this is different. The News was not just a hometown paper for the 114,000 residents of this university town about 45 miles west of Detroit, it was the hometown paper. Ann Arbor has become the first American city of any size to lose its only full-time daily.
5:50am post needs to be deleted because it has crossed the line and just shows how much of a miserable prick that he is.
Well you have to admit that she does appear to be sitting on something that is causing her a great deal of unrest.
That said, it is clear by your post who the miserable prick really is, and it isn't 5:50.
I disagree; I just love getting on here and seeing all you miserable people spew their hatred for anything newspaper. News to you; we are better off without you because you were nothing but dead weight. DIAGF.
Yes, I see how much better off you are. We're so miserable that your revenues are falling at a 30% rate and your stock price is only down 90% this year.
I'm so happy that you are so much better off. How bout a hug?
Profits are up. Spiffs are back. Plenty of money is being made.
But I understand your point of view. It's so much easier to look back and find all of the negativity in the world. We will continue to work and turn it around. In your honor I'll put up a "whine free zone" sign for everyone to remind us that we are the ones making it happen while all you do is sit on the sidelines and cry like a little girl like the sky is falling.
Layoffs are coming on June 1st - Sorry, no.
Layoff are coming on July 1st - How'd that work out.
McClatchy will HAVE to file bankruptcy - Instead we made a profit.
You continue to whine and cry about how the end is coming - We'r better off without you.
DIAGF
8:01 DITTO!
Hell, maybe McClatchy will hack a few more bodies off it's decaying carcass next month so they can put salaries back where they were before the cut. The survivors get a big morale boost before they too get shown the door at year's end.
...so the new prediction is layoffs by years end. Really going out on a limb with that prediction.
The Donner party ate better and increased their calorie count once they turned to cannibalism.
However this is, at best, a temporary solution and is self limiting.
Former Sen. Wayne Bryant gets four years in prison for bribery, fraud (Another corrupt NJ Democrat, that Pinchy won't tell you about)
TRENTON -- Former Sen. Wayne Bryant, once a titan of New Jersey politics, was sentenced to four years in federal prison today for trading on his clout as budget chairman to obtain a pension-padding job.
"I cannot express how deeply sorry I am for the scorn my actions have caused," said Bryant, who choked up while apologizing for his crimes in Trenton today. Bryant will also pay $113,167 in restitution to UMDNJ.
A jury convicted Bryant, a Democrat from Camden County, of 12 counts of pension fraud and bribery eight months ago, in a high profile trial the exposed a secretive and easily manipulated state budget process. Bryant helped steer $10.5 million in state grants to his employer, a school within the University of Medicine and Dentistry of New Jersey.
The New York times is happy about slashing employees, disrupting lives, selling off valuable assets to create cash for the moment. How can this be seen as a good thing?
How can the CEO be seen as an honorable leader?
In the clinch the NYT is just like Enron...screw the employees for the management.
Sad.
The New York times is happy about slashing employees, disrupting lives, selling off valuable assets to create cash for the moment. How can this be seen as a good thing?
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Go figure, but it is par for the course. Listen to the leftists here talking trash about their own peers. A leftist will throw anyone under the bus to feed their own desires. Just look at their messiah.
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