Traitorous New York Times Having To Cut 100 Newsroom Jobs
You don’t attack the Armed Forces of the United States, and survive long…that includes enemies domestic…
Maybe other organizations will start thinking twice before bending over for the lunatic fringe on the left.
Also, another lefty-lib rag, the Los Angeles Times recently announced that it would eliminate 40 to 50 newsroom jobs.
After years of resisting the newsroom cuts that have hit most of the industry, The New York Times will bow to growing financial strain and eliminate about 100 newsroom jobs this year, the executive editor said Thursday.
The cuts will be achieved “by not filling jobs that go vacant, by offering buyouts, and if necessary by layoffs,†the executive editor, Bill Keller, said. The more people who accept buyouts, he said, “the smaller the prospect of layoffs, but we should brace ourselves for the likelihood that there will be some layoffs.â€
He said, “We intend to move quickly, to get any cuts past us so that we do not spend a year bleeding slowly.â€
The Times Company stock, which topped $52 in mid-2002, sank below $15 in January. The interest of the hedge funds has generated a slight rebound. Shares closed at $18.84 Thursday, partly in response to news of the probable layoffs.
The Times also faces increased competition from The Wall Street Journal, which was acquired in December by the News Corporation. With Rupert Murdoch, the News Corporation’s chairman, calling for The Journal to become an alternative to The Times, The Journal is stepping up its coverage of politics and government.
(NYT)
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