Skip to comments.LA Times is expected to announce layoffs next week (150 jobs cut)
Posted on 04/20/2007 8:31:21 PM PDT by LdSentinal
The Los Angeles Times is expected to announce a plan Monday to cut slightly more than 5% of its workforce, or about 150 jobs, as profits at the newspaper and its Chicago-based parent company, continued to slide in the first quarter.
Executives at the paper said they expect most of the cuts--including nearly 70 positions in The Times' newsroom--to come through voluntary buyouts. After the reductions, the newspaper will have a total of about 2,625 employees. Its news staff will drop to about 870, from 940. Job reductions have been widely anticipated since last fall, when Publisher Jeffrey M. Johnson and Editor Dean Baquet resisted cuts in the editorial staff demanded by parent Tribune Co. Both executives left the paper in the highly-publicized dispute.
Nothing in Tribune's financial results this week alleviated concerns about the decline in revenues. The company's operating cash flow for the first quarter of 2007 was down 12% to $238 million from $271 million in the same period a year prior, while operating profit declined 16%, to $181 million from $217 million.
(Excerpt) Read more at latimes.com ...
It happens when you LIE! People are starting to see though their bullshit.
Looks like their “product” isn’t selling. Wonder why?
i luv it!
they lose money and they always blame the internet, blah, blah, blah.
but they never emote that maybe their left wing journalism, people do not want to read.
the leftists will go down with the l.a. times.
Well, they've already used the "high cost of newsprint" excuse, so maybe ink skyrocketed?
More J-school propaganda artists on the streets. Good.
If they were smart, the 5% would come out of the top editorial staff first.
“LA Times is expected to announce layoffs next week (150 jobs cut)”
Ok, here is the solution.
1) Unsubscribe to Reuters, the AP and Al Jazeera.
2) Hire a few reporters to report and not editorialize
3) Print that you were wrong and that Reuters, the AP and Al Jazerra are biased and you will noo longer support them.
4) Watch everyone to the right of Ted Kennedy start reading the paper again instead of taking it out of recycling barrels and lining their bird cages.
Sometimes death comes slow.
But it won’t be any of the liberal editors, editorial and op-ed writers instead it will be the lower level flunkies who don’t make any real decisions on what goes into the paper especially in terms of politics. God help you if they think you’re a conservative you’ll be in the unemployment line before you can say Hillary Clinton.
Glad my I was able to help in their layoff process. My husband finally let me cancel our Sunday paper after begging for years...yea! I would just get mad even seeing it around only one day a week and would refuse to look at anything. He only wanted the comics and Sports page but finally turned to the inernet for his sports. One by one hopefully they will some day fold!
Always nice to see trouble in my enemy’s tent!
They need to get rid of about 2600 more of these liars.
Looks like the LaBrea tar pits to me.Good job.
As this trend continues, the 2008 elections may be the last election year where the vile left wing MSM has any real impact on the votes.
As the vile and lying left wing MSM flushes itself down into the cesspool of history, things will get better for America.
The elite left wing facists, who control the Rats and media, know this reality. This is why they are so desperate re the upcoming elections and pushing the Gorebull Warming BS.
It’s a start...
“Glad my I was able to help in their layoff process. My husband finally let me cancel our Sunday paper after begging for years...yea! I would just get mad even seeing it around only one day a week and would refuse to look at anything. He only wanted the comics and Sports page but finally turned to the internet for his sports. One by one hopefully they will some day fold!”
Sounds like our household over a decade ago with role reversal. During the 1996 elections, I pulled the plug and cancelled our subscription to the Gay San Francisco Ronicle. My wife loved the Sunday version. I told her, she could buy it at the local grocery store. She did that a couple of times.
'The elite owners/publishers of today's dinosaur fishwraps are the modern day, Norman Bates.
They are trying to keep the corpses alive by refusing to bury them.'
And yet they encourage the displacement of an English speaking people with a Spanish or other language people.
And they know it. Which is why they will pull out all the stops to elect Dems next year. It's the last chance to stop the new media onslaught. Trust me, the reporting in the upcoming election will make Dan Rather and Mary Mapes look like models of objectivity.
This may be the Battle of the Bulge for the dying MSM.
... When it comes to election coverage, two-thirds of Americans dont think of newspapers as a primary source for news.
But you can bet your green eyeshade that this would come as stunning news to the platoons of journalists who believe every edition of every newspaper should include a heaping helping of politics.
... The abrupt rejection of newspapers as a primary political news vehicle coincides, not surprisingly, with the rapid rise of the Internet as an increasingly popular source of information. ...
Yikes! LOL! Yes, more good news...more great FReeper comments.
April 23, 2007
More Staff Cuts Expected at Chicago Tribune and Los Angeles Times
By STEPHANIE SAUL
The Tribune Company is expected to announce staffing reductions as early as today at its flagship Chicago Tribune as well as its largest-circulation newspaper, The Los Angeles Times, as revenue in the newspaper industry declines.
While no official announcement had been made about the cuts, reports in both newspapers late last week, citing informants they did not identify, said they were imminent and would be carried out mostly through voluntary buyout packages.
The editor of The Los Angeles Times, James OShea, confirmed yesterday that an announcement of cutbacks at his newspaper was to come today.
The whole industry is going through this, said Mr. OShea, reached by telephone yesterday in Washington where he had attended the annual White House Correspondents Association dinner Saturday night. There are staff reductions everywhere you look. Unfortunately, we arent exempt from the laws of economic nature.
Many newspaper companies, including Tribune, have reduced their staffs in recent years in an effort to cut costs in response to declining revenue. A shift toward online advertising and away from print media has hurt ad sales at newspapers.
Here’s the LAT buyout deal
As reported last week, the Times offers a buyout to most employees and will take 150. Long-term employees can receive up to a year’s pay. An unstated number of positions, vacant and filled, are being eliminated. Included are voluntary cutbacks to four days a week for staffers who would like that. Publisher David Hiller’s memo is after the jump:
From: Hiller, David
Sent: Monday, April 23, 2007 11:04 AM
To: zzAll LATimes Employees; zzMediaPartners
Subject: Organization Announcement
Were announcing today a series of actions, including an Employee Voluntary Separation Program that will eliminate between 100-150 jobs at the Los Angeles Times.
These actions reflect the fundamental and ongoing changes occurring in our business. You read last week that the company announced our first quarter financial results, and they were not good. For our whole Los Angeles Times Media Group, revenue down 4% and cash flow down 13%. There was some good news, with online revenue growing 20%. But the growth in new media is not yet big enough to offset the decline on the print side of the business. The picture was similar at the other Tribune newspapers.
Over the past months, we have been talking (and doing) a lot about how we need to change to sustain our mission and business as the best and most trusted source of news and information in Southern California. What we do is too important not to change in ways essential to sustain us into the future. We simply cant afford not to change.
As weve talked about before, here are some of the major lines of how we need to change:
Re-tool everything to be fully multimedia
Grow online faster, integrated with print
Change the newspaper to better serve our local audience and reflect how readers live, and use print, today
Offer more products for more audience segments, like Hoy for the Spanish-speaking part of our communities
Invest and re-allocate resources to grow
Get our employees engaged and fired-up about how we will change, where we are going
We are making headway. Our efforts to transform the newsroom to a 24/7 multi-media world are getting traction. We are adding people and other investment to these print/online efforts, and will add more, including more interactive product development people and supporting technology.
You see progress in the new product launches and innovations, including the new TRAVEL and IMAGE sections, with rich interactive counter-parts. And there is much, much more in the pipeline.
But in addition to adding people and resources to achieve growth, we have to find expense savings to offset some of the decline in revenue on the print side. We are looking at everything:
Recent product changes, including elimination of the Sunday TV Book will save several million dollars
We have been revamping operations and distribution to find very significant efficiencies
Out-sourcing efforts in circulation call centers and the tech help desks will achieve further savings
We are finding savings in supplies, postage expense, travel, and many other areas
But, we also have to look at our staffing levels again, as painful as it is, and as many times as we have done it before. The fact is we have to take actions to keep staffing in line with the revenue picture, which currently is falling in the core print business.
So through a combination of approaches, we are planning to eliminate in the range of 100-150 positions (roughly 3% to 5% of our workforce). We have tried to approach this as carefully and thoughtfully as possible across all departments. Here are the components of the plans:
Eliminating positions that are currently open
An Employee Voluntary Separation Program
Eliminating certain other employee positions
Voluntary 4-day week for 80% of pay
Employee Voluntary Separation Program (EVSP)
We are offering a voluntary program where employees can choose to leave, based on their own personal and career situation and plans. We would plan to accept up to approximately 150 volunteers. Not all positions or areas of the company are eligible, given current business and staffing needs. The following areas are NOT eligible: Circulation Home Delivery; Interactive; Security; Technology; Times Direct; TCN; Recycler; Hoy; and CCN. For hourly employees in the pressroom unit, all aspects of the program are subject to collective bargaining, and requests to participate will not be considered until addressed by the bargaining process. In addition, a person will not generally be considered for the voluntary program if their position would have to be back-filled. A complete list of employees eligible for the EVSP can be found on TimesLink.
Open and Involuntary Position Eliminations
In addition to the voluntary program, we will be identifying other positions to be eliminated. Some of these may be positions currently open, and others are currently filled. We will decide on these positions in the same time period as the voluntary program.
Individuals whose positions are eliminated or who request and are granted a voluntary separation will be provided with a separation package in exchange for signing a waiver and release agreement. Key elements of the separation package include:
One week of separation pay for every completed six months of service; minimum of four weeks, maximum of 52 weeks paid through salary continuation
Benefits continuation for eligible employees for the length of separation pay; minimum three months of health care coverage
Employer 401(k) allocation will continue for eligible employees
Voluntary 4-day Week for 80% of Pay
One additional idea that we’re considering is allowing full-time employees to voluntarily reduce their work week from five days to four days. This schedule change would also involve changing from full-time benefits to part-time benefits and, of course, would be contingent on each department’s workload and staffing needs. If you think that this is something you’d like to consider, please contact your HR Generalist for details.
Schedule and Next Steps
Volunteers should submit an application no later than Monday, May 14
Decisions regarding the voluntary program and other position eliminations will be communicated no later than Friday, May 25
Employees last day of work generally will be no later than Friday, June 1
So thats the plan. We will be posting a lot of additional information, including FAQs on TimesLink.
Thank you for your understanding and support as we move ahead, and for all that you do for this great newspaper and the communities we serve.
update this morning.
From the Los Angeles Times
L.A. Times plans job cuts
As revenue continues to fall, the newspaper says it will offer buyouts to as many as 150 workers.
By James Rainey
Times Staff Writer
April 24, 2007
The Los Angeles Times announced Monday that it would offer voluntary buyouts in hopes of cutting its staff of 2,775 by as many as 150 employees seven months after two of the paper’s top executives spoke out against such cuts.
Publisher David D. Hiller said in an e-mail to the newspaper’s workers that the reductions were necessary because revenue and cash flow continue to fall with the company about to be sold to Chicago real estate mogul Sam Zell. In the first quarter, the publisher said, revenue for The Times dropped 4% from a year earlier, with cash flow falling 13%.
“We also have to look at our staffing levels again, as painful as it is, and as many times as we have done it before,” Hiller said in the memo. “The fact is we have to take actions to keep staffing in line with the revenue picture, which currently is falling in the core print business.”
As many as 70 jobs could be cut from the newspaper’s news operations, which would bring the newsroom staff to about 850. The Times news operation employed about 1,200 when the paper was purchased by Chicago-based Tribune Co. in 2000.
Potential staff reductions at The Times roiled the newspaper industry last fall, when first Publisher Jeffrey M. Johnson and then Editor Dean Baquet left the paper under pressure. They said that cutting reporters and editors would hurt the quality of The Times. Tribune executives argued that their Los Angeles paper could maintain quality even with the cuts.
Hiller sought in his statement Monday to stress the paper’s future opportunities. He noted that online revenue had been increasing 20%.
But Hiller said in an interview that uncertainty in the newspaper business made it impossible for him to promise that there would not be further cuts.
Tribune announces 250 job cuts in Chicago and Los Angeles
Chicago-based media conglomerate cites declining advertising and circulation revenues.
By Michael Oneal
Tribune staff reporter
April 23, 2007, 5:23 PM CDT
Tribune Co. executives announced a total of about 250 job cuts in Chicago and Los Angeles on Monday as the Chicago-based media conglomerate continues to struggle with declining advertising and circulation revenues.
The Chicago Tribune Media Group will eliminate 100 jobs through a combination of buyouts and layoffs and the Los Angeles Times will cut between 100 and 150 positions using the same methods.
In both cases, executives said they would try to first accomplish their goals through buyouts that would give qualified employees one week of salary and benefits for every six-month period they have worked for the company.
Layoffs would follow to the extent they are needed. The Los Angeles Times will also consider letting employees switch to a four-day workweek for 80 percent of their pay and limited benefits.
Noting that the Chicago Tribune group’s first-quarter revenue dropped 4 percent from a year ago, Scott Smith, president of Tribune Publishing and publisher of the Chicago Tribune, said in a memo to employees that full-year revenue will likely come in below last year’s. Then he gave voice to a bind the entire industry finds itself in: “Therefore we need to achieve additional expense savings at the same time we focus on revenue growth,” he said.