“‘Increasingly, we find ourselves to be a company in transition: one that is growing robustly on some fronts, while experiencing retrenchment on other fronts,” [Publisher Tom] Stephenson wrote. “We are, in effect, transforming ourselves from a newspaper company to a publishing company, with substantial expansion beyond our core product.'”
In announcing plans to buy out 40 employees, Houston Chronicle Editor Jeff Cohen laid out these strategic objectives:
- “Focus on scoops and enterprise in the master narratives that drive our community;
- Think Web first every day with 24/7 breaking news;
- Expand our multimedia content with video and online database initiatives;
- Develop topical Web channels that extend the reach of our Web site beyond news;
- Aggressively engage our readers with interactive journalism and community Web sites;
- Improve community coverage in our Spanish language publications in paper and online;
- Develop niche publications, as we have done with Gloss and Health, in areas with potential for building new audiences.”
“The Sun-Times Media Group is laying off 20 full-time and eleven part-time workers from the editorial staff of the Daily Southtown in Tinley Park…[T]he two publications currently have a combined full-time editorial staff of approximately 100, plus some 15 part-timers.
“Newsroom staff at Vancouver’s two CanWest daily papers learned in the late afternoon meetings that the wave of staff reductions across the country at newsrooms and broadcast facilities owned by the media giant will now result in the loss of up to 15 editorial staff at each paper. If all of these reductions are achieved, management will have cut newsroom staff by more than 10 per cent this year…CanWest recently announced cuts of up to 200 employees at its TV stations across the country.”
“‘The revenue declines resulting from economic challenges provoked by the real estate downturn, as well as the public’s increasing use of the Web for news and information, have led us to a point where we need to take further action,’ [Publisher Diane] McFarlin said in a memorandum to the company’s staff…Even after the cutbacks, the media company, with its print, Internet and SNN News 6 television operations, employs nearly 500 people.”
This entry was posted on Wednesday, November 14th, 2007 at 4:32 am and is filed under Layoffs, Newspapers, OnlineMedia. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.