Gannet Co., the nation’s largest newspaper publisher, is cutting 100 more jobs this week. The announcement comes after last month’s elimination of 1,000 positions. This time around, the cuts were all in management jobs in Gannet’s newspapers nation-wide. No cuts were made at the company’s flagship paper, USA Today. As with the rest of the [...]
Meredith Corporation announced that it is cutting 60 jobs and opting not to fill 60 open positions. Twenty of the layoffs are reported to come from the magazines business, but were described as “very selective.” The remainder of the layoffs are from the book and broadcasting division, but all of the cuts were [...]
Borders Group Inc. today announced plans to reduce its corporate workforce by 20% or 275 positions, including more than 150 positions at its Ann Arbor, MI, headquarters. The cuts, which will not affect store personnel, are part of the retailer’s reduce annual expenses by $120 million. AP at Forbes The Wall Street Journal Paid subscription may [...]
Media General Inc., the newspaper publisher and TV broadcaster, today announced plans to reduce its workforce by 750 persons, or almost 11% of the current total, by October. The cuts will be spread across the company, although one area add to its head count: interactive media. The Wall Street Journal (May 22, 2008) Paid subscription [...]
The WSJ takes a look at what has brought about the need for Newsweek to shed some 20% of its staff this week. Time magazine made large cuts last year. “While circulation for both Newsweek and Time has remained flat, at around 3.1 million and 4 million per issue, respectively, the number of advertising pages [...]
The latest round took place on Tuesday, a day after MSLO ceo Susan Lyne, returned from vacation and contradicted a published report that she planned to leave the company. Women’s Wear Daily (Jan. 9, 2008)
The company’s Standard & Poor’s credit ratings agency has suffered from a reduced demand for its services owing to the turmoil in the subprime mortgage market. McGraw-Hill’s stock has fallen over the past year from $72.50 to $40.52, largely as a result. The New York Times (Jan. 9, 2008) Reuters (Jan. 8, 2008)
Folio: reports today that between 15 and 40 positions have been cut and that up to five titles are to be closed, including: Toy Cars & Models, Comics & Games Retailer and Comics Buyer’s Guide. Folio: (Dec. 19, 2007)
Newspaper companies, music companies and TV networks have all announced staff cuts in recent days. Then, there is the continuing writer’s strike, threatening the jobs of TV talk show staffers. Reuters (Dec. 6, 2007)