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Home Front Economy
Globe newsroom faces cuts
2009-01-17
The Boston Globe plans to trim its newsroom staff by about 12 percent, editor Martin Baron said in a memo yesterday.The news organization expects to eliminate 50 jobs from its editorial department, which includes the Globe-affiliated Web site, boston.com. There are currently 433 full-time equivalent positions and 379 full-time employees in the department, Globe spokesman Bob Powers said.
The NYT owns the Globe. Both are going down. Pinchie paid an inflated price for the Globe and now can't unload at a time when the mothership needs the cash. The over/under for both is about six months.
Posted by:Fred

#2  The Slimes/Globe organization is in no worse shape than GM, and just as 'essential' to the country (or at least to the political powers that be), so I think we will see some major bailout bucks headed their way in a few weeks.
Posted by: Glenmore   2009-01-17 14:37  

#1  "The over/under for both is about six months."

That long, huh?

Well, I'm patient - I can wait to put the champagne on ice.
Posted by: Barbara Skolaut   2009-01-17 12:40  

00:00