Posted on 03/30/2008 4:45:37 PM PDT by MrEdd
The staff of Newsweek will shrink dramatically, after 111 staffers on its news and business sides accepted a buyout last week. Among those leaving are some of the magazine's best-known, most-admired and longest-service critics, including David Gates, David Ansen and Cathleen McGuigan. Harold Shain, a former president of the magazine who moved over to sister publication Budget Travel at the beginning of this year, is also departing.
146 staffers were offered the chance to leave the magazine, with as much as two years of their current salary as a departing bonus, depending on their age and length of service. The package also includes pension sweetners and the chance to continue health insurance coverage until the age of 65. More staffers than expected accepted the offer, so at least some their jobs are likely to be filled by new hires. But dozens of positions will be eliminated permanently.
(Excerpt) Read more at radaronline.com ...
ping
Ping
100+ less democrat party lying sc*mb*gs spreading their propaganda.
It will be a joyful day when Newsweek closes down permanently, along with Time, the NY Times and the Washington Post.
Good riddance.
You can’t even say scum bags without staring it out?
I think you’re a bit paranoid....
The little leftists lost their jobs?
Bbbbbut, they do such GREAT reporting!

Here is an "Conventional Wisdom" arrow for you Newsweak:
Sinking readership and revenue, because of biased and mediocre reporting, is finally taking its toll .
Golly gee...we are gonna miss all that vile puke.
Hint for the newly unemployed elitists: They are hiring at Wally Walmart..
Yes, now they can get honorable jobs.
2 year severence, increased pension and health insurance till 65 isn’t a bad way to go by any stretch of the imagination though.
I need to do something to show my support. I will turn my light off for one hour. That will show I care about them!
At least the upper left headline has it right for once.
what is this “newsweek”?
Those 111 are the lucky ones, the rest will eventually lose their retirements and 401k accounts when the magazine goes bankrupt.
Never heard of them.
With so many leftist media today, who actually read Newsweek except for those who are waiting in dentist office, clinic, etc.?
I gave up on these liberals years ago. Good riddance.
Anyone remember this?
http://www.freerepublic.com/focus/f-news/1403612/posts
Newsweek apologizes for getting Koran-Guantanamo Bay story wrong. (The Editor’s Desk)
wow - that’s a shame...
many years ago I first realized I was a conservative after reading the swill in Newsweak
Newsweek: the worst leftist mag around. Competes for the title with Time and US News and World Report, both strongly leftist purveyers of far left lies and myths.
Newsweeks has always been a piece of crap. It is Time magazine’s death that will mark a victory over sanctified treason.
The new owner of the Miss Portland Diner has completed the purchase of city land on Marginal Way in Portland where the landmark eatery will be located.
Thomas Manning, the Portland native who bought the diner in December and closed on the land Thursday, said he plans to start building an addition to the 46-seat Worcester Lunch Car within the next two weeks.
Manning, who was raised on Munjoy Hill, is director of administration at Newsweek magazine in New York City....His wife, Stefanie, who is a marketing executive for O, the Oprah magazine, will be in charge of marketing the historic diner.
I’m looking forward to a cover of Newsweek in the trash can.
Totally cool.
One of the leading liberal mouthpieces continues to wane.
Perfect!
Nothing like good news to go with my first coffee on a Monday Morning.
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