Showing posts with label Newspaper apocalypse. Show all posts
Showing posts with label Newspaper apocalypse. Show all posts

Thursday, March 26, 2009

Newspaper troubles continue

With the announcement that newsroom salaries will be cut 5% and about 100 people laid off at the New York Times, the crisis in the newspaper biz got a little deeper. This site, however, has a lit of 10 newspapers that will survive the coming shakeout and might even be worth it for an investor to buy (somebody just bought the SD Union-Tribune at a fire-sale price. The Register wasn't on the list, but I don't think it's likely it will be for sale -- and I do think it will survive. But times are plenty tough. We've just had to cut departmental budgets again, layoffs are possible, and everybody company-wide will have to take a week of unpaid furlough this quarter. I hope that's enough to prevent further layoffs. We're making progress with hyper-local sections bringing in advertisers who can't use or afford the entire run of the paper, as well as a "create your own ad" online feature. But I don't think anybody really knows for sure what's going to work.