Among others, Belo Corp. said on August 10 its flagship Dallas Morning News wants to cut 85 positions through buyouts as it prepares for a restructuring this fall. A day later, The Plain Dealer in Cleveland, owned by privately held Advance Publications Inc., said buyouts were coming.
In July, Tribune Co. said it would cut 120 jobs at the Chicago Tribune, and The New York Times Co. said it would cut about 250 jobs in its printing operations.
While the NY Times cuts are in printing operations, most of the article deals with newsroom cuts. I wonder if this is the equivalent of manufacturing companies cutting R&D when sales slump?
While I believe there is a decline in interest among readers (and therefore advertisers) in newspapers I don't perceive any decline in interest in news. When they cut back in the newsroom, it looks to me like they're cutting the part of the operation that has a future, in order to milk the remaining profits from the dying part of the business.
No comments:
Post a Comment