Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Tampa Bay Times to begin employee buyouts
Tampa Tribune ^ | 03/06/14 | Richard Mullins | Tribune Staff

Posted on 03/06/2014 5:59:33 AM PST by shortstop

The Tampa Bay Times newspaper will begin offering buyouts to current workers in advance of a round of layoffs, according to company memos posted online.

This comes as the St. Petersburg-based newspaper faces increasing financial strain and works with business consultants to “improve the company’s financial results.”

Employees will have between March 10 and 24 to consider the packages, which could include up to 13 weeks of severance, plus two extra weeks, according to a memo sent to employees by Human Resources Director Sebastian Dortch that was posted on the website of the Poynter Institute for Media Studies, which owns the Times.

“Even if you are not interested, this is an opportunity to take stock of your place in the Times’ future,” Dortch wrote. “This is an important time to understand where you stand.” After the buyout phase, “it is clear that this work will result in some job reductions around the company.”

The Times has been working to sell news bureaus, extra parking lots, the employee cafeteria and other assets to raise cash in recent years, and last December, the company took out a $28 million loan from a non-traditional lender, Boston-based Crystal Financial LLC. Half that amount went to pay off current debts and the full loan comes due in December 2016.

Both the Times and Poynter have seen their financial position strained in recent years, as have many media companies. The Times saw its Sunday circulation fall about 6 percent to 355,853, and daily circulation fall 4 percent Monday through Friday to 299,985, according to the Alliance for Audited Media.

The Times already conducted a round of layoffs in 2011 and temporarily cut pay in 2012. The company’s most recent loan is backed by a half dozen parcels of real estate, including the company’s headquarters in downtown St. Petersburg, part of which the Times recently made available for lease.

Times spokeswoman Jounice Nealy-Brown declined to answer questions about the moves, but sent a statement, reading, “We are finding some ways to improve our results without compromising our quality. We want to support the colleagues whose jobs will be affected.”


TOPICS: Front Page News; News/Current Events; US: Florida
KEYWORDS: dbm; fl; florida; pravda; stpetersburg; tampabaytimes
The good news keeps on coming. Just another proof that liberals just can't run things.
1 posted on 03/06/2014 5:59:33 AM PST by shortstop
[ Post Reply | Private Reply | View Replies]

To: shortstop

The bay area isn’t large enough to support two papers, the Times and the Trib...


2 posted on 03/06/2014 6:04:34 AM PST by ken5050 (I fear a world run by adults who were never spanked as kids and got trophies just for participating)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ken5050

Where did they get the cash to buy the naming rights for the hockey rink then?


3 posted on 03/06/2014 6:09:40 AM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 2 | View Replies]

To: Buckeye McFrog

Bwahahahyahaha! LIBs appear either to be awakening and not buying that rag or more of them can’t read.


4 posted on 03/06/2014 6:11:11 AM PST by hal ogen (First Amendment or Reeducation Camp?)
[ Post Reply | Private Reply | To 3 | View Replies]

To: shortstop
The Tampa Bay Times, formerly the St. Petersburg Times aka Pravda West.

It threw itself under the Obama bus.

Leni

5 posted on 03/06/2014 6:12:19 AM PST by MinuteGal
[ Post Reply | Private Reply | To 1 | View Replies]

To: shortstop

St. Petersburg, err, Tampa Bay Times, Pravda Florida keeps falling. Unfortunately, our local rag, the Lakeland Ledger, has picked up many columnists columns from the TB Times. If it weren’t for the local section of the Ledger, I’d cancel in a heartbeat. (They, the Ledger, charge to read on-line if you’re not a subscriber)


6 posted on 03/06/2014 6:16:45 AM PST by Bushbacker1 (Molon Labe! (Oathkeeper))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Buckeye McFrog

Long time ago..when papers were flush..


7 posted on 03/06/2014 6:18:48 AM PST by ken5050 (I fear a world run by adults who were never spanked as kids and got trophies just for participating)
[ Post Reply | Private Reply | To 3 | View Replies]

To: shortstop

Die, Commie Rag, Die


8 posted on 03/06/2014 6:22:33 AM PST by Amagi (Lenin: "Socialized Medicine is the Keystone to the Arch of the Socialist State.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: shortstop

I’m hoping their first cost cutting measure will be to dump their entire editorial page staff. Then we can stop reading about how George Bush, Rick Scott and David Jolly- bad and Barack Obama and Alex Sink- good.


9 posted on 03/06/2014 6:23:19 AM PST by shortstop (It's too bad that stupidity isn't painful)
[ Post Reply | Private Reply | To 1 | View Replies]

To: shortstop
Fun flashback: Tampa Bay Times endorses Obama

TBT: Obama for President

excerpt:

By many measures, the economy is improving steadily even if growth remains painfully slow. There have been 31 straight months of job growth, and more than 5 million private sector jobs have been created. The unemployment rate is down to 7.8 percent — not great, but the same as when Obama took office. The stock market has come back, new housing starts are the highest in four years and housing prices in Tampa Bay and other areas are rising. The financial industry is stable, interest rates remain low and corporate profits are healthy. There is still too much economic pain, but America is better off than most of the rest of the industrialized world.

Da! Is good!

10 posted on 03/06/2014 6:26:57 AM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
[ Post Reply | Private Reply | To 1 | View Replies]

To: shortstop

The smart ones will take the buyouts before TBT runs out of money.


11 posted on 03/06/2014 7:01:13 AM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JulieRNR21; kinganamort; katherineisgreat; floriduh voter; summer; Goldwater Girl; windchime; ...

Florida Freeper

I'm compiling a list of FReepers interested in Florida-related topics.
If you want to be added, please FReepMail me.

12 posted on 03/06/2014 7:18:15 AM PST by Joe Brower (The "American People" are no longer capable of self-governance.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: shortstop

Why? According to Obama and the Democrats, the economy is booming. Their circulation should be going through the sky. They should be hiring. Again, why?


13 posted on 03/06/2014 7:21:58 AM PST by sport
[ Post Reply | Private Reply | To 1 | View Replies]

To: sport
"Their circulation should be going through the sky. They should be hiring. Again, why?"

Why? Maybe when your editorial policy pi$$es off half of your potential client base, you stand to lose a lot of potential customers. I live in Pinellas County but I subscribe to the Tampa Tribune. Not an overly conservative paper but definitely middle of the road. I start my day in a much better mood after quitting the Times.

14 posted on 03/06/2014 8:01:52 AM PST by shortstop (It's too bad that stupidity isn't painful)
[ Post Reply | Private Reply | To 13 | View Replies]

To: shortstop; Joe Brower; MinuteGal; SoFloFreeper; left that other site; Joe Boucher; ...


15 posted on 03/06/2014 8:17:12 AM PST by Old Sarge (TINVOWOOT: There Is No Voting Our Way Out Of This)
[ Post Reply | Private Reply | To 1 | View Replies]

To: shortstop

I left the Tribune about 5 years ago. Haven’t missed it yet and 50 years from now I will still be able to day ,”I haven’t missed it yet”.


16 posted on 03/06/2014 8:20:52 AM PST by sport
[ Post Reply | Private Reply | To 14 | View Replies]

To: shortstop

Most of the columnists/contributors appear liberal....even if they claim to be Republican. This is a poor excuse for a newspaper. imho, the majority of the stories they write are either blatantly biased or written in a way to imply any Republican is ‘bad’.


17 posted on 03/06/2014 9:44:11 AM PST by 4integrity
[ Post Reply | Private Reply | To 9 | View Replies]

To: Bushbacker1

Most likely they place a restriction based on IP address. You can probably use a free IP Address mask like http://www.anchorfree.com/ and not bother paying for content that has no intrinsic value.

When you’ve used up your free articles on an IP address, just log off and back in again to your VPN and you’ll look like another visitor to the website.


18 posted on 03/06/2014 10:10:25 AM PST by Go_Raiders (Freedom doesn't give you the right to take from others, no matter how innocent your program sounds.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: ken5050

Aren’t enough sheeple able to read, I bet Jeantel subscribes though, for the grocery coupons.


19 posted on 03/06/2014 10:43:59 AM PST by GeronL (Vote for Conservatives not for Republicans!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: shortstop

“This comes as the St. Petersburg-based newspaper faces increasing financial strain and works with business consultants to “improve the company’s financial results.”

I’m still waiting for the politicians to start rebuking businesses who say this with the “Business is meant for public service, not private profit”>


20 posted on 03/06/2014 11:21:09 AM PST by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: shortstop

growing up it was informative and reasonable but boy has it become a liberal cheering worthless fish wrap.


21 posted on 03/06/2014 12:47:37 PM PST by Joe Boucher ((FUBO) obammy lied and lied and lied)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Joe Boucher

Joe, I used to use the Times to wrap the fish, but it used to make the fish stink.


22 posted on 03/06/2014 2:05:30 PM PST by shortstop (It's too bad that stupidity isn't painful)
[ Post Reply | Private Reply | To 21 | View Replies]

To: shortstop

The Obama economy.


23 posted on 03/06/2014 2:24:38 PM PST by Tzimisce
[ Post Reply | Private Reply | To 1 | View Replies]

To: shortstop

Will repost White House talking points for food.


24 posted on 03/06/2014 2:25:04 PM PST by Tzimisce
[ Post Reply | Private Reply | To 1 | View Replies]

To: shortstop

St.Pete Times always was more liberal than the Tampa Tribune.
Then they became one and the same and unreadable.


25 posted on 03/06/2014 2:59:25 PM PST by Joe Boucher ((FUBO) obammy lied and lied and lied)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Bushbacker1
The Ledger is at least as politically skewed as the Times.

Few “news reports” are truly factual.Almost all are “opinion” or otherwise slanted.They seem to be incapable of straight news.

If you want to learn about local events, look to foreign news sources, or monitor police/emergency frequencies.

The print press companies backed the wrong technology for the last few decades.
Instead of becoming more ethical, trustworthy and less political, they went full on full BS for marketing purposes.
Have you noticed that newspaper stands now mostly direct potential buyers inside?

I'm shocked that anyone still subscribes to them at all!

26 posted on 03/06/2014 8:25:07 PM PST by sarasmom (Extortion 17. A large number of Navy SEALs died on that mission. Ask why.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Joe Brower

I can’t wait for the Miami Herald and Sun-Sentinel to finally assume room temperature.


27 posted on 03/06/2014 9:59:48 PM PST by Absolutely Nobama (The Doomsday Clock is at 11:59:55......tick-tock, tick-tock, tick-tock.....)
[ Post Reply | Private Reply | To 12 | View Replies]

To: shortstop

The Tampa Bay Times (formerly St Petersberg Times) is rabidly lib. If the main news story of the day is complimentary to conservatives, they totally abandon the idea of running any news headline at all and use an op-ed or poll as the headline.

Their most loved agenda item is how nobody in FL pays enough taxes.

I won’t even buy them for the coupons, so I am proud to say I am part of their problem.


28 posted on 03/07/2014 1:42:55 PM PST by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Texas Eagle

My “favorite” endorsement was a judgeship. It ran something like this. “This person is reasonable, has wonderful experience, blah, blah, blah. The other person is also qualified, but not quite as much, but is black. We feel diversity is most important, so we recommend the black candidate over the other one.”

I kid you not. It was staggering.


29 posted on 03/07/2014 1:48:26 PM PST by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Joe Brower

Wow. I quit my subscription. The Tampa Tribune started a St. Petersburg Tribune that’s a lot more economical. Tampa Bay Times has so many different price ranges - that makes no sense whatsoever. What’s the price for everybody? Anyway, gonna try the St. Pete Tribune instead.


30 posted on 03/07/2014 4:34:06 PM PST by floriduh voter (My ducks are not on the menu. They're funny looking dogs.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: shortstop

Their renewal dept isn’t very good either. I was certain that my renewal was in the fall but when I called, they said, it was this February. So, I got months and months of newspapers for free cuz their billing was messed up even after I tried to correct them. Switching to St. Petersburg Tribune instead.


31 posted on 03/07/2014 4:36:16 PM PST by floriduh voter (My ducks are not on the menu. They're funny looking dogs.)
[ Post Reply | Private Reply | To 14 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson