Skip to comments.TIMES PINCHES STAFF SALARIES (NYT salary freeze)
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 ...
THE ROOF THE ROOF THE ROOF IS ON FIRE.....WE DON’T NEED NO WATER LET THE BLEEPER BLEEPER BURN! BURN BLEEPER BLEEPER, BURN!!!!!
New York Times Freezes Wages
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.
Ann Coulter, Newspaper Columnist, Celebrates Ends of Newspapers
Once you hock the walls, roof, and floor..well..ain’t much left..
Jay Lenos 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. Lenos 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.
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
Die old grey whore... die!
Yep... pinch already sold his soul long ago.
Layoffs At CBS News
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.
related to your point.
The last days of the moguls
Not to worry. Bomba will prop them up with tax money... you know, gotta have fairness...
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.
Makes me all warm and fuzzy!