Tribune Company plans to cut 400-500 jobs, which is 2% of its workforce, mainly due to what most publishers called “economic problems” at a number of publications, including The Los Angeles Times, The Chicago Tribune, Newsday, The Orlando Sentinel, and The Baltimore Sun.
Samuel Zell tells the New York Times that the “weak economy and significant declines in advertising volume at our newspapers” have hurt cash flow.
David H. Hillard, publisher at the Times, explained to the New York Times that cuts would be made with attrition, voluntary buyouts, and layoffs.
Phil Rosenthal, Chicago Tribune media columnist, reports that management at individual Tribune Co. papers will decide on how reductions are to be achieved.
According to a Hartford Courant staff writer, Publisher Stephen D. Carver said he believes the reductions at The Courant – ten are expected to be from the newsroom - can be done without hurting the quality of the newspaper.
The New York Times' Michelle Slatalla looks at Twitter's buzz and attention in relation to its popularity, merely nascent for a mainstream social networking site.
Yahoo! is talking to the News Corp. upon declining a buyout offer from Microsoft, reports the New York Times. Talks focused on merging Yahoo! with News Corp. interactive assets, led by MySpace. According to the Times, Silicon Alley Insider broke the story.
In an interview with Sirius Radio's Bill Geddie, the Times' Mark Halperin says, “Obama is kind of a pussy.” Halperin apologized on Times' The Page. Here it is, courtesy of Fishbowl DC via The Huffington Post: “I'm sorry. In a live radio interview this week, I used a word I shouldn't have. The fact that I was conveying other people's words is no excuse for my lapse in judgment. It won't happen again. -- Mark Halperin”
The 14-week Writers' Strike is over, finally! Most writers are returning to work with a contract, if they haven't already.