MORE NEWS OF THE INDUSTRY
McClatchy slashes value of Seattle Times
Puget Sound Business Journal - 09 May 2008
The McClatchy Co. continues to slash its estimated value of its investment in The Seattle Times Co., as both the local daily and the newspaper industry as a whole continue to reel from lost revenue.
Journal Register warns it could default by July
Mark Fitzgerald - Editor & Publisher - 09 May 2008
Troubled Journal Register Co. warned late Friday in a regulatory filing that it probably will be in default of its loan covenant before the end of July.
Gannett offers 160 buyouts in NJ
The Associated Press - 09 May 2008
Gannett Co. Inc. on Friday said it was offering buyouts to a total of 160 workers at five of its six New Jersey newspapers, as advertising revenues decline.
King of the city journalism is all the rage
Ken Doctor - Content Bridges - 09 May 2008
Consider the new Big City American journalism and the emerging cast of characters owning it. It's a page right out of the history books when a few well-heeled titans controlled the press, and its new incarnation could have all kinds of implications for the Yahoo Newspaper Consortium, for AP and for the journalism start-ups near and far.
Tribune Publishing results skid in Q1 -- off 11%
Editor & Publisher - 09 May 2008
The Tribune Co. reported that Q1 earnings from continuing operations soared to $1.82 billion compared with $11 million from the same period a year ago. The favorable upswing was due to the change of the company's tax status at the beginning of the year to a subchapter S corporation.
Union claims New York Times' layoffs methodology is 'flawed'
Romenesko - 07 May 2008
The Guild says it "has been carefully analyzing the [New York Times] layoffs to make sure that management has followed the contract's job security provisions. At this point, it appears to the Guild that the company has not done so. In fact, the Guild has already filed a grievance regarding the methodology used by The Times to decide who would be laid-off."
Layoffs and buyouts announced at three more dailies
Joe Strupp - Editor & Publisher - 07 May 2008
Layoffs and buyouts have hit three more daily papers, with announcements of cutbacks in Colorado, Kentucky, and South Carolina.
Herald-Leader Seeks Buyout from 4 Percent of Staff
Erik A. Carlson - Business Lexington - 07 May 2008
The Lexington Herald-Leader is looking to trim its staff of 385 full-time employees by 4 percent through a voluntary buyout program.
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Despite layoffs, San Jose Guild rallies for quality and unity

More than 100 members of the San Jose Newspaper Guild's Mercury News unit rallied in front of the newspaper Friday to show their support for laid-off workers -- and their resolve to defend editorial quality against shortsighted corporate cost cuts. Guild members wore black to dramatize their sadness over the layoffs, but also unveiled a bright banner (above) they made in support of an organizing drive at the affiliated Bay Area News Group-East Bay. Full text of San Jose Guild President Sylvia Ulloa's speech.
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