Posted on 01/25/2013 5:28:22 AM PST by jimbo123
The deadline for New York Times newsroom managers to take voluntary buyouts came and went yesterday — without reaching the target of 30 takers.
Now, insiders are worried that involuntary cuts — layoffs — will start.
Jill Abramson, the executive editor overseeing the process, declined to comment yesterday as the deadline passed but several insiders worried that as few as a dozen raised their hands and volunteered — meaning up to 18 heads must roll.
(Excerpt) Read more at nypost.com ...
I am hoping The Boston Globe is right behind NYT’s slide into oblivion.
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Screw those bustards. The NYT gets a chance to cut the truly stupid/lazy ones. I really look forward to the day they cut the editorial page.
They would have to get the class A shares, and those are all held by Ochs/Sulzbergs. Sure would be nice to see some of them try and dump the class A shares.
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