Skip to comments.Cuts Loom at Newsweek (Dinosaur Media DeathWatch™)
Posted on 09/09/2010 1:52:07 PM PDT by abb
By most accounts, The Washington Post Co. promised to sell Newsweek to Sidney Harman last month largely because his bid promised to keep the most employees in place. The question of layoffs at the struggling magazine has since seemed more a matter of when than if. The future cleared up a little on Wednesday at a company meeting held by Harman and chief executive officer Tom Ascheim at the magazines Hudson Street offices. Staffers learned their new owner will retain 75 percent of the companys employees, and that the entire workforce will receive letters on Sept. 24 containing either a job offer or a severance package, a source with knowledge of the meeting said. When The Washington Post Co. announced the sale on Aug. 2, a spokeswoman for the publisher said the magazine had 350 employees, which would mean about 90 severance deals. The final number could be less, given the flood of high-profile editorial departures in the last month.
“We are all socialists now” cover story...
Wonder what went wrong??
Going going ........
“containing either a job offer or a severance package”
It’s safe to assume that the job offer will be at a lower rate of pay...but, you can always quit.
I wonder if the knee-pad Marxist phonies will find work sniveling at the WH?
Story out today the New York Times will be strictly online soon.
Bye bye LSM!!!!
I wonder if they could get some TARP money to keep all their staff for a few more years? The are obviously and asset to the Democrats, and they are in trouble...
Is Newsweek now worth $.75?
Well, they have already completely stopped printing ads...
The only value left in the company is the name: NewsWeek.
But honestly, in an era of instant news, what good is a name that advertises it is a week behind the current news?
NewsHour (probably taken)
All are better names in the internet age.
TIA Storming Hill, And FCC, On Title II
Newsweeks Lally Weymouth heads to Washington Post
It's probably more accurate to say that no advertisers are buying ad space any more.
“Newsweeks Lally Weymouth” is the mother of the publisher of the Washington Post, a part-owner of the corporation, a Graham and impossible to fire.
An attention deficit: Ethan Zuckerman on the supply and demand of foreign news
There is no news in Newsweak. It’s all opinion.
Yes abb, that was my point. :)
Hey journolister types - was giving up your job really worth the fun of giving the finger to half the American population? The conservative half? Maybe... there's new joys out there for you - "want cheese on your burger?"...
What is your source for that?
I do not buy Newsweek, but I am delighted to hear that another liberal rag is dying. I will celebrate the day when NPR goes off the air.
They have a plan to increase readership...everyoen who buys a pair of HarmonKardon speakers and/or ear buds gets a free, one year subscription..
They have a plan to increase readership...everyone who buys a pair of HarmonKardon speakers and/or ear buds gets a free, one year subscription..
Arthur Sulzberger Jr.: We Will Stop Printing The New York Times Sometime In The Future