New York Times Layoffs
It’s been happening everywhere – in every field. Companies losing revenue, asking employees to take pay cuts, and then sending out the inevitable “envelope” to staff members who open up the bad news with a heavy heart.
Union and non-union members in the New York Times newsroom have been told “the envelope” will be mailed out to everyone this Thursday that will detail the buy out deal. If employees take it, they will have the chance to exit the building with at least a little something to look forward to, however, there is no word on what laid off employees will get when the axe falls. Union employees will reportedly get 3 weeks salary for each year of service – non-union workers will get 2 weeks pay per year served. The bad news came way of a memo Monday from Times executive editor Bill Keller who informed staffers that they have 45 days to decide if they want to take part in the buy out – if they don’t get 100 takers, the higher ups will then be forced to cut jobs. The newspaper industry has been getting pummeled for the last several years with declining circulation numbers for most every newspaper chain. Gannett, the nation’s largest, which churns out 84 newspapers in the United States reported yesterday that it’s third-quarter profit fell 53% from a year before. The reason? Readers say they are abandoning their print subscriptions and going online to get virtually the same product for free. The New York Times execs have said that they are seeing sharp declines in advertising revenue from their printed additions, and Web advertising hasn’t caught up.
So, what will happen to all these well paid and out of work journalists and editors? Media analysts say many will have to wait out the storm, and wait for other newspapers to start to re-staff once the revenue returns, if it does at all.
Laura Ingle has been with FNC since 2005, and was also a
correspondent for FOX’s syndicated news magazine program, “Geraldo
at Large.” Ingle has covered major criminal cases and natural
disasters, including the Scott Peterson and Michael Jackson
trials, wildfires, mudslides, and Hurricane Katrina. She most
recently covered Pope Benedict’s visit to New York and the
Manhattan crane collapse that killed seven. She was formerly a
radio reporter and news anchor with KFI-AM 640 in Los Angeles and
with KFBK-AM 1530 in her hometown of Sacramento. She is currently
based in New York.
If the Times got on thr RIGHT side it would not be LEFT out in the cold.
Who wants to read BHO Marxis rantings.
I guess the “advertisers” have had enough of the left wing news reporting. Seems without staying with the mainstream and reporting the news without spin has killed the subscriptions and the advertisers. Maybe the NYT should take a long hard look at what reporting the news means. Obviously they should see that the People are tired of their Leftwing slant and is killing the newspaper. Do you think the WH will send them a few billion?
Maybe if the paper told the truth and stopped licking Obama’s shoes they would sell mmore papers.
Could not happer to a nicer paper, maybe they will bring in real reporters at one time it was a great paper.
Bailout time for the poor, deserving newspapers? After all, they’re Real Journalists, not like Fox News. /sarc
I quit reading USA Today, The State, NY Times and others because of their biased reporting. I watched nearly eight years of incredible slander, lies, hate, and just bad “reporting” during the Bush administration. Then a Total switch to The One Who Can Do No Wrong. I would much rather hold a newspaper in my hands and enjoy reading anywhere in the paper at a glance than load web pages; however, the latter is what I have turned to so that I can actually get News. If I want an opinion other than my own, I will seek out writers that make sense-not political loyalist. That, by the way, is why I read FOX and have given up TV–other than FOX news there are 200 channels of junk. The news media in general has given up its integrity to push an agenda. Circulation goes down because there is no news in the news.
Tell the employees to seek their next job at the white house, they voted for change , their leader is preforming for them as they wished. Can they realize that through the Bush years they were employed, and they complained about Pres. Bush for eight years,, NOW CHANGE THEY CAN BELIEVE IN>
CHANGE THEY CAN BELIEVE IN, THEIR OBAMA SAID THAT
There is ONE way that the paper can be saved.
TELL THE TRUTH FOR A CHANGE !!!!!!!