Bad day for Newsprint

By Tom Teicholz at 29 October, 2008, 10:42 am

Yesterday the Christian Science Monitor announced that it would cease publication of its weekday paper –after a centry of doing so.

Time Inc is laying off 600 employees.

The LA Times is laying off another 75 or so — the newsroom is half the size it once was.

The Newark Star Ledger is cutting 405 of  its staff

TV Guide magazine was sold off –for $1

Gannett is cutting its workforce by 10% — an estimated 3000 people.

Seen in the context of the current economic collapse this may seem normal — or not as bad as the auto business — but the problem is structural — more akin the recorded music business where the delivery system is changing and the economics are based upon that old model.

Categories : Uncategorized


No comments yet.

Leave a comment