Times Says It Will Cut 100 Newsroom Jobs

[OldMercsRule]

October 19, 2009, 2:49 pm
Times Says It Will Cut 100 Newsroom Jobs
By RICHARD PéREZ-PEñA
The New York Times plans to eliminate 100 newsroom jobs — about 8 percent of the total — by year’s end, offering buyouts to union and non-union employees, and resorting to layoffs if it cannot get enough people to leave voluntarily, the paper announced on Monday.



Fred R. Conrad/The New York TimesThe program mirrors one carried out in the spring of 2008, when the paper erased 100 positions in its newsroom, though other jobs were created, so the net reduction was smaller. That round of cuts included some layoffs of journalists — about 15 to 20, though The Times would not disclose the actual figure — which was the first time in memory that had happened.

http://mediadecoder.blogs.nytimes.com/2009/10/19/times-says-it-will-cut-100-newsroom-jobs/

Soooooo ya think that treason, (exposing secrets we used against Islamo Facists), and sloppy hard Left reporting doesn't have cornsequences do ya????

Goooooooooo Fox News!!!!! JR

http://www.breitbart.com/article.php?id=D9EFSFEG2&show_article=1

[Nukeman]

Fire 150 people to give the CEO a 4.9 million salary!!!! Hmm.. Does he really need to make that much money?????

[SassyLady]

Couldn't have happend to a more deserving organization!

[HogTrash]

Do you think their all standing around scratching their heads wondering what went wrong or do you think some of them are smart enough to figure it out and tell the others?

[Abbey Marie]

Couldn't have happend to a more deserving organization!

:laugh2: :clap:

[glockmail]

NYT, is that still being printed?

[red states rule]

As workers are laid off, NY Times execs make the bucks

So the NY Times ranted about the greedy Wall St CEO's taking their money while the "little guys" suffered

Once again, liberals live by their own set of double standards. One for them - one for the rest of us


[quote]

Sulzberger pinches double the pay

Top executives at the beleaguered New York Times Company reaped hefty rewards last year, with Chairman Arthur "Pinch" Sulzberger more than doubling his total compensation to $6 million.

CEO Janet Robinson got even more, reaping $6.3 million, a 31.9 percent hike.

The pay numbers were disclosed in Securities and Exchange Commission filings yesterday.

The increases come against a backdrop of declining ad revenue, layoffs, frozen pension plans, unpaid vacations and a 5 percent pay cut for most of the rank-and-file workers last year.

"Our members are really unhappy with what is happening," said Bill O'Meara, president of the Newspaper Guild of New York. "They made a voluntary sacrifice to give up some of their pay to help the company out. People are losing their jobs still."
One corporate governance expert warned that even if a publicly traded company's compensation committee OK'd the compensation, it could backfire in the court of public opinion.

"I think the board may want to weigh the consequences of rewarding their executives, who may be worthy of the increases, against the damage that may occur to the company's reputation," said William Sannwald, a business professor at San Diego State University.

Michael Golden, a first cousin of Pinch's who is vice chairman and chief operating officer of the Times' Regional Media Group, took home $2.4 million in total compensation last year, up 71 percent. CFO Jim Folo received a 20 percent boost, earning $1.3 million.

http://www.nypost.com/p/news/business/sulzberger_pinches_double_the_pay_TrcN6HTaxhSXcmLy NBxnFI#ixzz0i8p8Qdw3

[Monkeybone]

probably just subscription callers anyways.

[Abbey Marie]

[quote]

Sulzberger pinches double the pay

Top executives at the beleaguered New York Times Company reaped hefty rewards last year, with Chairman Arthur "Pinch" Sulzberger more than doubling his total compensation to $6 million.

CEO Janet Robinson got even more, reaping $6.3 million, a 31.9 percent hike.

The pay numbers were disclosed in Securities and Exchange Commission filings yesterday.

The increases come against a backdrop of declining ad revenue, layoffs, frozen pension plans, unpaid vacations and a 5 percent pay cut for most of the rank-and-file workers last year.

"Our members are really unhappy with what is happening," said Bill O'Meara, president of the Newspaper Guild of New York. "They made a voluntary sacrifice to give up some of their pay to help the company out. People are losing their jobs still."
One corporate governance expert warned that even if a publicly traded company's compensation committee OK'd the compensation, it could backfire in the court of public opinion.

"I think the board may want to weigh the consequences of rewarding their executives, who may be worthy of the increases, against the damage that may occur to the company's reputation," said William Sannwald, a business professor at San Diego State University.

Michael Golden, a first cousin of Pinch's who is vice chairman and chief operating officer of the Times' Regional Media Group, took home $2.4 million in total compensation last year, up 71 percent. CFO Jim Folo received a 20 percent boost, earning $1.3 million.

http://www.nypost.com/p/news/business/sulzberger_pinches_double_the_pay_TrcN6HTaxhSXcmLy NBxnFI#ixzz0i8p8Qdw3

Re: the bolded sentence- unfreakinbelievable.

[HogTrash]

Oh well, it's their money!

NYT, is that still being printed?Yep, but the problem is, nobodies reading it. :dunno:

[Monkeybone]

Oh well, it's their money!
Yep, but the problem is, nobodies reading it. :dunno:

that is why they are going to start charging for reading it online

[HogTrash]

that is why they are going to start charging for reading it onlineGood luck with that! :lol: