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Beacon Journal will cut 40 newsroom jobs |
2006-08-23 |
About one-quarter of the newsroom employees at the Akron Beacon Journal will lose their jobs within the next two months. ``It's a very sad day for the Beacon Journal,'' new publisher Edward R. Moss said Tuesday in announcing layoffs, which he said are necessary to align costs with revenues. The moves are part of a companywide restructuring that will result in additional job reductions, Moss said. Moss, who was named publisher by new owner David Black on Aug. 7, said the newspaper's profits have fallen by about 50 percent during the last four years. Canadian publisher Black Press Ltd. paid $165 million for the newspaper and its Web site after the breakup of parent Knight Ridder Inc. in June. Black told employees days before the transaction closed that jobs would have to be cut because of revenue losses. |
Posted by:Fred |
#5 We don't call it the Akron Leakin' Urinal for nothing. |
Posted by: Mike 2006-08-23 16:49 |
#4 It's a bit like cutting sales staff at the auto mall because profits are falling. It makes sense - but you aren't going to increase your profits by doing it. |
Posted by: Jigum Hupolumble7870 2006-08-23 12:06 |
#3 To the contrary, the DS&TP has recently expanded, we now have two front page editors instead of one. Things are looking up for the Scimitar even though advertising revenues haven't changed. |
Posted by: Steve White 2006-08-23 11:20 |
#2 I hope this doesn't bode ill for the D-SandT-P. |
Posted by: Xbalanke 2006-08-23 10:43 |
#1 The Beacon Journal's been getting very, very thin of late. They can't have much ad revenue anymore. |
Posted by: Ulelet Uniting8249 2006-08-23 00:43 |