Bad news for people in the news business. This past week a lot of the big publishers have fired or laid off a big chunk of their staffs.
The USA Today organization announced that they were eliminating 1,500 jobs. The Chicago Tribune let go 600 people, and The Tennessean laid off around 500 people.
Not only are they slashing payroll and passing other expenses on to their vendors and independent contractors, now they are raising the price of the daily newspapers, too. The daily Tennessean has cost 50 cents for years and it’s much cheaper if you subscribe. However, next month the single copy price will increase to 75 cents. I wonder if these changes will chase away more readers and actually contribute to their demise?
Recent Comments