By paulgillin | November 11, 2008 - 10:01 am - Posted in Fake News

A selection of stories snipped from the Web. Descriptions are quoted directly from the source.

Virginian-Pilot Considers Layoffs, Other Cost-Cutting Measures

The president and publisher of the Virginian-Pilot said the newspaper and its affiliated companies are considering layoffs before the end of the year because of steep declines in advertising revenue.”We have no sacred cows. Everything is on the table,” Maurice Jones told Virginian-Pilot readers last week. Possible moves include layoffs, raising the price of the newspaper, reducing page count, closing some of the businesses associated iwth the newspaper, and decreasing the circulation area.

Editors on Monday asked for about 100 volunteers to give up editorial staff jobs at Time, People, Sports Illustrated and a few other Time Inc. magazines, and the company announced the elimination of a similar number of jobs in its business operations. The cuts are the first steps toward what Time Inc., the nation’s largest magazine publisher, has said will be the elimination of about 600 jobs worldwide, most of them at its 24 magazines in the United States.”



This entry was posted on Tuesday, November 11th, 2008 at 10:01 am and is filed under Fake News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

1 Comment

  1. November 11, 2008 @ 1:26 pm

    Is any company in worse shape than Tribune? Unfortunately, the losses will get even worse in 2009 with those awful redesigns. Ugh!!

    Posted by Newspaper Fan