"NEW YORK --The New York Times Co. and two Philadelphia newspapers announced major job cuts Tuesday as the industry grapples with severe financial problems including weak advertising and circulation declines. The Times said it would cut about 500 jobs, while the Philadelphia papers will eliminate a total of 100 jobs."
Reminding me of my favorite lawyer joke, the punchline of which is: "A good start."
More:
Mercury News plans to shrink newsroom by 52 jobs
"16% reduction ends week of newspaper industry buyouts and layoffs;
Cuts are 'painful,' says editor, but the paper will survive"
Friday, September 23, 2005
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