- Blame Bush: 5 years later, that’s still the mantra, pollsters find
- Dutch prostitutes demand same retirement benefits as soccer stars
- John McCain to Harry Reid: I’ll ‘kick the crap’ out of you
- Dogs that talk: Researchers seek $10K for ‘No More Woof’ technology
- 1,000 firefighters called to battle stubborn Big Sur wildfire
- Black Friday brouhaha: Millions of Target shoppers hit by credit card theft
- Britain orders airplane to rescue citizens from violent South Sudan
- Mega Millions winner emerges as Georgia mom, in ‘disbelief’
- ‘Duck Dynasty’ Phil Robertson suspended ‘indefinitely’ for gay quip
- John Podesta eats crow: ‘I apologize to Speaker Boehner’
Newspapers seek way out of hole
Question of the Day
Lean times dominate the media landscape as newspapers around the nation tighten their belts and trudge forward.
Even Brenda Starr has been furloughed after 69 years on the job. The scarlet-lipped comic heroine was sent packing from her longtime job as gutsy gal reporter in Saturday’s strip.
“I can’t afford to pay you anymore,” said her gruff publisher B. Babbitt Bottomline.
Indeed, fat cat news mongers are a thing of the past, and an underlying sense of tragedy lingers among affected journalists.
On Friday, New York Times publisher Arthur Sulzberger notified his staff - and those at the Boston Globe and other Times’ properties - that they would have to endure a 5 percent pay cut and 10 furlough days as the legendary “Gray Lady” deals with an 18 percent drop in advertising revenue.
The paper also laid off 100 business-side employees and expects to ax an additional 70 people from its news side
“We are saying goodbye to many of our close colleagues. We are lowering salaries through the end of this year for all remaining nonunion employees and, in exchange, providing additional time off,” Mr. Sulzberger said. “The environment we are in is the toughest we have seen in our years in business.”
The Washington Post offered buyouts to both business and editorial employees on Thursday - the fourth in a series of moves to winnow down the staff. In 2008, the paper was down $198 million in operating costs and expects more losses this year - “embarrassing,” according to Chief Executive Officer Donald Graham.
Such bad tidings are common across the newspaper industry, where advertising revenue dropped from $49 billion in 2006 to $38 billion last year - a decline of 23 percent, according to the Project for Excellence in Journalism (PEJ). Newspaper stocks lost 83 percent of their value in 2008.
Last week alone, the Houston Chronicle, Atlanta Journal-Constitution, Boston Herald, Milwaukee Journal Sentinel and Buffalo News also announced substantial layoffs and pay cuts.
The 101-year-old Christian Science Monitor offered its last print edition Friday, and now - like the Seattle Post-Intelligencer and other newspapers - has gone completely online as a cost-cutting measure.
“No longer inked on wood pulp, no longer trucked from printing plants to your mailbox, no longer published only five days a week, the daily Monitor is now a dynamic online newspaper on all days,” editor John Yemma told his readers optimistically. “We are wearing new clothes, but we remain your Christian Science Monitor.”
At least they are still publishing; the Rocky Mountain News ended its press run four weeks ago.
Bankruptcies also have been filed recently by the Star Tribune of Minneapolis; Philadelphia Newspapers, which owns both that city’s Inquirer and its Daily News; and the Tribune Co., owner of the Los Angeles Times, Chicago Tribune and six other dailies.
Suggestions to remedy the situation are many - from monetizing online and “niche” content to federal bailouts, public donation campaigns and inventive strategic alliances and exchanges between media partners. Newspaper executives are also struggling with a troublesome statistic: of that $38 billion in revenue remaining, just $3 billion came from online sources, according to the PEJ.
About the Author
- Inside the Beltway: Larry Klayman's spiritual calling
- Legal gadfly in NSA surveillance case can sting even his own mother in pursuit of principles
- Legal gadfly can sting NSA, even his own mother
- Inside the Beltway: Newest Obamacare Website fixer
- Inside the Beltway: Republicans for the little guy
Latest Blog Entries
- The most questionable quotes of the year: Yes, MSNBC wins
- Gallup: Americans trust their car salesmen more than Congress
- Painter, biker, slightly grunge: George W. Bush becomes the new hipster icon
- Michael Savage's battle of Britain and the 'undesirables' continues
- The Gipper 24/7: Get the official - and free - Ronald Reagan App
By Andrew P. Napolitano
Fourth Amendment says Obama is not at liberty to collect metadata
- Gov't wasted $30 billion on 'pillownauts,' crystal goblets -- buying human urine!
- Half of America strips religion from Christmas
- Obamacare 'pajamas boy' gets roundly mocked
- Duck Dynasty Phil Robertson suspended indefinitely for gay quip
- In court filing, NCAA denies legal duty to protect athletes
- Bill Gates: The Secret Santa disguised as a 'friendly fellow' on Reddit
- U.S. Army mulls wiping out memory of Robert E. Lee, 'Stonewall' Jackson
- Border Patrol helps smuggle illegal immigrant children into the U.S.
- NAPOLITANO: NSA spies pick up interference from the Constitution
- John McCain to Harry Reid: Ill kick the crap out of you
Independent voices from the The Washington Times Communities
Find up-to-date information on the D.C. and Baltimore live music scenes and read interviews with artists and reviews of the latest releases and concerts.
Life, liberty and the pursuit of happiness from the carpool lane.
Find the latest news and happening that effect those in the Washington D.C., Northern Virginia and Maryland Metro region.
Politics, economics, and business from a real world perspective.
Top 10 handguns in the U.S.
Extraordinary day at Redskins Park
White House pets gone wild!
Let it snow