"The New York Times Co. said Tuesday it would cut about 500 jobs, or about 4 percent of its work force, as part of an ongoing effort to reduce costs. The reductions come atop another 200 jobs that were cut earlier this year ...
The announcement came on the same day that The Philadelphia Inquirer and its sister newspaper said they would eliminate a combined 100 newsroom jobs because of lower circulation and revenue. The Inquirer plans to cut its editorial staff by 15 percent from 500 to 425, while the Philadelphia Daily News will cut its editorial staff 19 percent, from 130 to 105.
More ...
And Dan Gillmor writes on his Blog:
"It's painful to watch a business I care so much about commit slow suicide this way. But the financial writing is increasingly on the wall for an industry that simply can't figure out how to handle its challenges.
There will be a serious loss to society if daily newspapers -- or at least the community watchdog function they still fulfill, despite their well-chronicled flaws -- were to disappear or be disrupted while a new business model emerges. I don't know if we need newspapers (though I still read them avidly). We damn well need what newspapers do."
The question is, whether Newspaper company to adapt to the changing society, information and communication behavior. Do what their clients (reader clients, community and advertising clients) need and want them to do and what would their life easier and more enjoyable ...
I share Dan's view:
Yes we need them! However, if they don't get their act together soon and move faster, someone else has too and will take over!
