'Black Tuesday' Continues: NYTCo. to Shed 500 Jobs, Philly Papers 100
In two separate announcements only hours apart, the New York Times
Company and the Philadelphia Newspapers Inc., confirmed what many
already know: the newspaper industry is facing tough times. PNI, which
owns the Inquirer and the Daily News, struck first, announcing it
would cut up to 75 jobs at the Inquirer and another 25 at the Daily
News, mainly through buyouts. The NYTCo. later said its cuts would
affect all of its properties.
[What does the down turn in newspapers mean to BLOGS and civic
journalism? What will these newspaper workers do now that they no
longer work for a big paper? Give this some thought. -tp]
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