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TIMES PINCHES STAFF SALARIES (NYT salary freeze)
NYPost ^ | 12/13/08 | KEITH J. KELLY

Posted on 12/13/2008 3:53:23 AM PST by TigerLikesRooster

TIMES PINCHES STAFF SALARIES

By KEITH J. KELLY

December 13, 2008 --

New York Times Publisher Arthur "Pinch" Sulzberger Jr. yesterday said he is freezing salaries for all non-unionized employees through 2009.

Separately, the company has sacked the three nighttime DJs at WQXR-FM, the Times-owned classical-music radio station in New York City. As a result, the gaps between songs will now be filled with recordings that direct listeners to the station's Web site for more information.

The cutbacks and salary freezes are the latest sign that the New York Times Co. expects a difficult slog well into next year.

The company has been buffeted by the slowdown in advertising revenue and declining circulation. In response, the Times recently slashed its shareholder dividend to cut costs.

In a memo to employees, Sulzberger said the "deepening recession and the structural changes confronting our industry continue to present us with difficult challenges."

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: financialcrisis; nyt; salaryfreeze

1 posted on 12/13/2008 3:53:24 AM PST by TigerLikesRooster
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To: TigerLikesRooster

THE ROOF THE ROOF THE ROOF IS ON FIRE.....WE DON’T NEED NO WATER LET THE BLEEPER BLEEPER BURN! BURN BLEEPER BLEEPER, BURN!!!!!


2 posted on 12/13/2008 4:00:34 AM PST by NoGrayZone (Just Registered With the Conservative Party...RINO's can kiss my......)
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To: TigerLikesRooster

http://www.forbes.com/2008/12/12/nyt-pay-freeze-biz-media-cx_jea_1212nyt.html?partner=yahootix
New York Times Freezes Wages


3 posted on 12/13/2008 4:00:57 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

I love it! No way is this enough. Pinch thinks through a combination of non-union salary freezes, borrowing against the NYT building, and sacking a couple of DJ’s he’s going to stave off crisis until the economy improves. I think he is wrong. We’ll see how much longer some of these radio stations are around before the plug is pulled.


4 posted on 12/13/2008 4:15:15 AM PST by MovementConservative (In 4 years GW Bush and the free-spending republicans have almost completely destroyed the GOP.)
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To: MovementConservative

http://www.eandppub.com/2008/12/ann-coulter-new.html
Ann Coulter, Newspaper Columnist, Celebrates Ends of Newspapers


5 posted on 12/13/2008 4:17:24 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: MovementConservative

Once you hock the walls, roof, and floor..well..ain’t much left..


6 posted on 12/13/2008 4:19:07 AM PST by ken5050
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To: ken5050

Somewhat related.

http://www.nytimes.com/2008/12/13/business/media/13shift.html?ref=business
Jay Leno’s Move Hints at Future of Prime-Time TV

“We do have to continue to rethink what a broadcast network is,” Jeffrey Zucker, the chief executive of NBC Universal, a unit of General Electric, said at an industry conference Monday, hours before the news of Mr. Leno’s new assignment emerged. He warned that if changes were not undertaken, “the broadcast networks will end up like the newspaper business or, worse, like the car companies.” Maybe Mr. Zucker has seen the future; after all, his network has lost 50 percent of its 10 p.m. audience in the last three years.


7 posted on 12/13/2008 4:23:50 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: TigerLikesRooster
he is freezing salaries for all non-unionized employees

Bill O'Meara, president of the Newspaper Guild, said that 1,350 unionized employees at the paper will get raises.

Thank goodness for unions ! Solidarity ! /s

8 posted on 12/13/2008 4:25:46 AM PST by csvset
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To: TigerLikesRooster

Die old grey whore... die!

LLS


9 posted on 12/13/2008 4:26:14 AM PST by LibLieSlayer (MERRY CHRISTMAS!!!! so sue me!)
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To: ken5050

Yep... pinch already sold his soul long ago.

LLS


10 posted on 12/13/2008 4:26:59 AM PST by LibLieSlayer (MERRY CHRISTMAS!!!! so sue me!)
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To: LibLieSlayer

Lookee here!

http://www.mediabistro.com/tvnewser/cbs/layoffs_at_cbs_news_103306.asp
Layoffs At CBS News


11 posted on 12/13/2008 4:27:50 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
What's so interesting about this article about broadcast TV failing is that the more niche networks are actually thriving. Fox News Channel, CNN, and MSNBC are enjoying very good ratings, ESPN has done very strongly lately, and the specialized cable channels like Discovery, HGTV, History, National Geographic, etc. are doing very well, too.
12 posted on 12/13/2008 4:29:33 AM PST by RayChuang88
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To: abb; LibLieSlayer
Sounds like deck chair rearrangement!


13 posted on 12/13/2008 4:30:57 AM PST by andyandval
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To: RayChuang88

The old three-network model we all grew up with is gone. The only thing left is for their news divisions to be melded into a cable model which I think won’t be long.


14 posted on 12/13/2008 4:34:17 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: RayChuang88

related to your point.

http://www.reuters.com/article/sarahPalin/idUSCH1150222991020081213
The last days of the moguls


15 posted on 12/13/2008 4:41:43 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: TigerLikesRooster

Not to worry. Bomba will prop them up with tax money... you know, gotta have fairness...


16 posted on 12/13/2008 4:45:32 AM PST by glock rocks (Keep the change.)
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To: Milhous; conservatism_IS_compassion; LS; Grampa Dave

Ping to link at post #15. Another stab at predicting the future of information distribution via the internet and what it will do to Hollywood and TV.


17 posted on 12/13/2008 4:49:47 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

Makes me all warm and fuzzy!

LLS


18 posted on 12/13/2008 5:07:36 AM PST by LibLieSlayer (MERRY CHRISTMAS!!!! so sue me!)
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To: andyandval

:-)!

LLS


19 posted on 12/13/2008 5:08:10 AM PST by LibLieSlayer (MERRY CHRISTMAS!!!! so sue me!)
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To: TigerLikesRooster
I maintain that what America needs is the 'Free Republic Cable News Network', put the hard news (and commentary of course) up on cable, and make the Commies SQUIRM!
20 posted on 12/13/2008 5:11:54 AM PST by mkjessup (God, guns & guts have kept America free, we still need all three. The 'Arsenal of Democracy' is 'US')
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To: glock rocks

All things being equal is it legal to only deny pay raises to those who belong to a Union?


21 posted on 12/13/2008 5:14:27 AM PST by Venturer
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To: abb
NPR to Cut 64 Jobs and Two Shows Company-Wide Layoffs Seek To Close $23 Million Shortfall

Fwiw, while searching for this story, I saw it was posted on Huffington Post.

The wackos there say that NPR "shills for Republicans".

Believe it or not.

22 posted on 12/13/2008 5:16:38 AM PST by csvset
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To: TigerLikesRooster

The NY Times has non-union workers?!!
The shame of it all.

I thought libs wanted any company with non-union workers to go under.


23 posted on 12/13/2008 6:00:17 AM PST by rod1
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To: csvset

Well then obviously it is time to do in NPR. If it is nothing more than a REPUB machine, Harry Reid and Nancy Pelosi must want it gone. Sounds like the perfect cover for action.


24 posted on 12/13/2008 6:03:38 AM PST by rod1
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To: csvset
Ariana Huffington did shill for Republicans in pre-GW Bush era.

I don't remember NPR shilling for Repubs.

Can you imagine Nina Totenberg saying anything nice to Republicans? LOL.

25 posted on 12/13/2008 6:06:58 AM PST by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: TigerLikesRooster
Hey Pinch...

... you can always take an elevator to the rooftop to think about your... future.

26 posted on 12/13/2008 6:23:08 AM PST by theDentist (Qwerty ergo typo : I type, therefore I misspell)
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To: abb

Interesting: I flew to LA with a Hollywood costume designer, who said the same thing-—that everything was going internet download. I hope she means to DVR/TiVo, as nothing would be worse than trying to watch a show on my comp.


27 posted on 12/13/2008 6:33:34 AM PST by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
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To: ken5050
Once you hock the walls, roof, and floor..well..ain’t much left..

Huh??? What about the going concern value of the New York Times...

Oh yeah. Never mind.

28 posted on 12/13/2008 7:01:51 AM PST by Cheburashka (Liberalism: a tale told by an idiot, full of sound and fury, signifying nothing.)
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To: abb

So much sad news on FR today with the mediots in more trouble and predictions that oil may drop to $10/barrel.

I have to cut this reply short before my tears ruin my new keyboard.


29 posted on 12/13/2008 7:08:45 AM PST by Grampa Dave (Does Zer0 have any friends, who are not criminals or foriegn or domestic terrorists or both?)
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To: abb

http://bristolnews.blogspot.com/2008/12/hartford-officials-plan-to-meet-again.html
Friday, December 12, 2008
Hartford officials plan to meet again next week on fate of newspapers


30 posted on 12/13/2008 8:17:54 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: TigerLikesRooster

This is what happens when one half of your potential customers are cheesed off at you because of your product.

The newsprint MSM is the worst run industry in the US. Absolutely ignorant of business.


31 posted on 12/13/2008 11:59:24 AM PST by TexanToTheCore
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To: abb
The old three-network model we all grew up with is gone. The only thing left is for their news divisions to be melded into a cable model which I think won’t be long.
The issue in that scenario is the preservation of the "objectivity" scam. There is only so much market for left - wing agenda-setting masquerading as - in the immortal words of Walter Cronkite - "and that's the way it is." No possibility of rebuttal, or different viewpoints being legitimate. Only "anti-establishment" protests sponsored by the real establishment, Big Journalism.

32 posted on 12/13/2008 4:11:48 PM PST by conservatism_IS_compassion (We already HAVE a fairness doctrine. It's called, "the Constitution." Accept no substitute.)
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