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Mercury News plans to eliminate 101 jobs | |
2006-10-22 | |
Contra Costa Times says it also has plan to reduce expenses
The Contra Costa Times, which has also experienced steep declines in advertising revenue, plans to act quickly to lower operating costs, according to a memo Thursday from its publisher. And in another memo on Friday, the Times said that Editor Chris Lopez is leaving the paper because his position has become "redundant." Executive Editor Kevin Keane will take over Lopez's responsibilities. The Mercury and the Contra Costa Times were acquired earlier this year by MediaNews Group, a Denver publisher that already owns every major newspaper in the Bay Area except The Chronicle, which is owned by New York's Hearst Corp., and the Santa Rosa Press Democrat, owned by the New York Times Co. In a complex transaction, Hearst provided financial backing for MediaNews' purchase of some other papers in exchange for an unspecified stake in MediaNews properties outside the Bay Area. An antitrust lawsuit challenging the Hearst-MediaNews arrangement is scheduled to be heard in federal court in San Francisco in April. | |
Posted by:Fred |
#3 rwo more! They must have all been holding on until the end of the election. |
Posted by: anon 2006-10-22 15:18 |
#2 Zen, it warms my heart that the Jerkury News and the SF Comical are eating big wiener. 2-3 weeks ago The Comical ran its main edition with the entire front page covered with one huge Advertisement for the Bloomingdale's store downtown! Phil Bronstein calls himself a libertarian lol, but is just another George Soros. |
Posted by: RD 2006-10-22 15:12 |
#1 The Murky News has only itself to blame. Well, maybe themselves and Craig Newmark. Personally, I have little pity. Rarely have I seen anything but banner headlines bearing gloom and doom portrayals of the Global War on Terrorism. When you compare their advertising rates with competing providers, the cost is exorbitant. As a Rantburg participant, it gives me particular satisfaction to see these ink-stained dinosaurs fall by the wayside. |
Posted by: Zenster 2006-10-22 03:52 |