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TWO JOBS FOR ONE MONEY
Come on guys - this is a good enough story with the district writers embellishing it.
Chu and Jergler did not "voluntary resign" - they both found other jobs a week befoer the layoffs were announced. The way you write it makes it sound like they quit because the layoff were coming - one thing had nothing to do with the other.
Still sounds like they saw the writing on the wall...no matter how you choose to spin it.
In 1997 when Media News purchased the P-T and wages of newsroom staff was slashed 21% one reporter on her way out told me - ten years from now the Press-Telegram will be nothing more than a storefront operation. How right she was.
The philanthropists over at MediaNews waited to pull this until Feb. 29--which means there isn't even a real anniversary marking the day when the one daily newspaper covering the state's fifth largest city ceased to exist.
That's awesome. See you in--what?--2012?
It's a sad day when the company looks at all these hard-working dedicated employees only as a liability.
I don't buy the "not many lucrative businesses" line. There's plenty of advertising revenue, if there's circulation content to back it up. But publishers and media conglomerates are interested in recovering debt as quickly as possible. Not attempting understand the new dynamic of online/print interaction.
You're definitely right about the general decline of revenue and lack of any type of serious deep reporting by the P-T (not blaming the writers here).
Small, local papers can be profitable: there was an article in Editor and Publishers about them (which I can't find the link to right now...)
http://jimhallsleepsallday.blogspot.com