Posted on 04/25/2009 4:47:59 AM PDT by abb
National Public Radio said yesterday it will lay off 13 employees and furlough all of its employees for five days over the next five months in the latest round of belt-tightening by the Washington-based organization.
The cuts are part of a series of measures that will help NPR close a projected $8 million budget gap during its current fiscal year, and $15 million over the next two years.
In addition to the furloughs, employees also will not be paid for three holidays (Memorial Day, Independence Day and Labor Day) this year, and three more when its new fiscal year begins on Oct. 1.
Like many news-media organizations, NPR has been grappling with reduced revenue; in December, as its fiscal crisis deepened, it laid off 64 employees, or 7 percent of the staff, and eliminated two daily radio programs, "Day to Day" and "News and Notes." It was NPR's first layoff in 25 years.
As part of its latest cutback, the nonprofit broadcaster will also eliminate contributions to employee retirement accounts through the end of the current fiscal year, and will cut the contributions by half next year. It will also eliminate merit raises next year.
The latest job cuts were in the information technology, legal services and communications departments and won't affect programming, NPR said.
NPR has been hammered by declining revenue from its four major sources of funding: corporate sponsors, fees from more than 800 public radio stations that carry its programs, donations from foundations and income from an internal endowment.
The reductions will put NPR on track to meet its budgets, but NPR spokeswoman Dana Davis Rehm could not say whether the worst was over. "I don't think anyone can predict what's going to happen," she said. "We think this is a very prudent and reasonable plan."
(Excerpt) Read more at washingtonpost.com ...
ping
Good.
Good start. Now if we could do this say, 1,000 X....deeper, we’d get some real umph...going, and turn the people away from tax payer underwritten social engineering programming.
Sound like they need my Begger-Thons. That do it for weeks on end for public TV.
“In addition to the furloughs, employees also will not be paid for three holidays (Memorial Day, Independence Day and Labor Day) this year, and three more when its new fiscal year begins on Oct. 1.”
It’s just HEART-WRENCHING when the reality of living in a Capitalist Society comes ‘round and bites the lefties in the arse, ain’t it? *SNICKER*
(Hopefully, we can hold on to our Capitalist way of life for a little bit longer; it’s not looking so good.)
Let the revolution begin here, today...
http://www.observer.com/2009/media/arthur-sulzberger-times-investors-no-plans-take-company-private
Arthur Sulzberger to Times Investors: ‘No Plans to Take This Company Private’
http://www.theawl.com/2009/04/nyt-foundation-to-stop-giving-grants
New York Times Company Foundation closes up shop.
http://seanbugg.typepad.com/buggblog/2009/04/not-dead-yet-or-lessons-from-journalism-101.html
Not Dead Yet, or Lessons from Journalism 101
http://www.esquire.com/the-side/correction-042309
A Correction: Esquire in the News
http://www.thenation.com/doc/20090511/alterman
The Newspaper Biz: ‘More Poison, Please’?
http://www.boston.com/business/ticker/2009/04/times_co_ceo_af.html
Times Co. CEO affirms Globe bargaining deadline
http://blogs.reuters.com/mediafile/2009/04/23/help-the-new-york-times-save/
Help The New York Times save $$!
http://www.boston.com/business/articles/2009/04/24/will_they_pull_the_trigger/
Will they pull the trigger?
http://www.marketwatch.com/news/story/The-New-York-Times-death/story.aspx?guid={280AFF7A-2C68-4C9C-9D24-EA225B764D9B}
Why the New York Times Co. will be sold
Commentary: By now, a sale is a matter of when, not if
http://online.wsj.com/public/resources/documents/NEWSPAPERS0903.html
Pressure on the Presses
http://milwaukee.bizjournals.com/milwaukee/stories/2009/04/20/daily79.html
Journal Sentinel newsroom union OKs 6.6% pay cut
http://www.minnpost.com/braublog/2009/04/24/8319/star_tribune_newsroom_leaders_agree_to_furloughs_17_million_in_comp_cuts
Star Tribune newsroom leaders agree to furloughs, $1.7 million in comp cuts
http://www.cjr.org/behind_the_news/tough_love_with_ken_lerer.php?page=all
Tough Love with Ken Lerer
http://www.jsonline.com/news/wisconsin/43402147.html
Cooperative weekly newspaper strives to stay alive
http://communicationleadershipblog.uscannenberg.org/2009/04/alex-jones-endow-newshour-with.html
Alex Jones: Endow ‘NewsHour’ with $2 billion
http://www.poynter.org/forum/view_post.asp?id=13914
The Buffett Academy of Expensive Ideas
I wasn’t able to post Thursday and Friday - out of town. Should have some good stuff this morning.
Y’all have a good time down there!!
Fire Congress and the illegal alien president.
http://online.wsj.com/article/SB124062466249055587.html
Harbinger’s Times Stake Gets Interest
http://online.wsj.com/article/SB124047488796347287.html
McClatchy Co.’s Loss Balloons as Ad Sales Fall
http://latimesblogs.latimes.com/the_big_picture/2009/04/the-soloist-hollywoods-latest-hate-america-movie.html
‘The Soloist’: Hollywood’s latest ‘Hate America’ movie?
http://adage.com/mediaworks/article?article_id=136242
So Which Magazine Would You Vote Off the Media Plan?
http://www.broadcastingcable.com/article/209970-Upfronts_2009_UBS_Predicts_Ad_Drop_For_Disney.php
Upfronts 2009: UBS Predicts Ad Drop For Disney
http://www.broadcastingcable.com/article/209949-Upfronts_2009_Barclays_Predicts_TV_Upfront_Down_15_.php
Upfronts 2009: Barclays Predicts TV Upfront Down 15%
http://www.buzzmachine.com/
Journalists: Where do you add value?
http://www.journalism.org/index_report/tea_parties_and_pirates_fuel_blogosophere_commentary
Tea Parties and Somali Pirates Fuel the Blogosophere Commentary
http://www.slate.com/id/2216798/
Glenn Beck - The hot new mob leader of 2009.
http://www.technewsworld.com/story/web20/66885.html?wlc=1240574240&wlc=1240584737
Pulitzers, Broadcasters and Digital Denial
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003966297
EXCLUSIVE: Time Spent at Many Newspaper Sites Declined in March
http://www.usnews.com/blogs/erbe/2009/04/22/internet-bloggers-half-truths-are-killing-newspapers-and-journalism.html
Internet, Bloggers’ Half-Truths Are Killing Newspapers and Journalism
http://www.deadlinehollywooddaily.com/
Primetime Pilot Panic: The Hot List
Nina Totenberg among ‘em?
http://techdirt.com/articles/20090424/0317554632.shtml
This Is Ironic: Reporter Cites Bogus WSJ Stats To Claim Bloggers Are Untrustworthy
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003966444
Attributor Meets With 25 Publishers: Now What?
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003966491
‘Florida Times-Union’ Parent Gets Fifth Default Reprieve
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003966450
Economic Crisis Batters Newspaper Industry R&D, Executive Training Center
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003966355
Moody’s: McClatchy’s $2.2 Billion Debt Load ‘Becoming Unsustainable’
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003966291
Citing Falling Ad Revenue, Moody’s Downgrades New York Times Co. Again
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003966252
‘Boston Globe’ Editor Doubts Charging for Web Would Be Worthwhile
Hopefully, there will be more.
“nternet, Bloggers Half-Truths Are Killing Newspapers and Journalism”
Wow! Denial at its finest!
HEARTLESS, HEARTLESS, HEARTLESS!! Why, how could this happen!??? Its something an evil republican would do!!!!!! What about the little people???
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