Friday, October 28, 2016

More Wretched News for Newspapers as Advertising Woes Drive Anxiety - The New York Times

Tangentially, see Twitter Has an Old Media Problem. Here’s a Solution. (NYT)

"With print advertising continuing to drop precipitously, you would be hard-pressed to find a newsroom devoid of uncertainty anywhere in the country. Companies like Gannett have recently announced layoffs, and its stock price has plunged during a monthslong pursuit of the company that owns The Los Angeles Times and The Chicago Tribune. The New York Times recently went through buyouts and has acknowledged that its newsroom will get even smaller next year. And for journalists at The Wall Street Journal, anxiety in the last several weeks has been especially pronounced.

Numerous Journal employees, who spoke on condition of anonymity because they feared endangering their jobs, said in interviews and conversations that they have received few specifics from management about the size and scope of the coming cuts. Mr. Baker said in one of his memos last week that changes to the print newspaper would “involve some consolidation of sections of the paper and the teams that produce it.” The employees said that the staff is now openly speculating about the potential for once-prized sections, including Greater New York and Personal Journal, to be folded or significantly reduced. Separately, employees have been working without a union contract since Oct. 1, and negotiations with the company are ongoing."
More Wretched News for Newspapers as Advertising Woes Drive Anxiety - The New York Times
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