|
|
|
Affected staffers are being told today and Thursday that they will be laid off, The Register's publisher Terry Horne announced today. They will get the company’s standard severance package of two weeks’ pay for every year of service.
Horne said the layoffs were part of an on-going effort to tailor the newspaper’s business model to a media environment that has been hard hit by a loss of employment, auto and real estate advertising; a drop in readership; a sour economy and increased competition from the Internet. “This isn’t necessarily just to improve profitability, we have to become a different kind of company,” Horne said. “We will be more focused on Interactive and make more of an effort in the print business.”
About 30 of the cuts will come out of the newsroom. This is the fourth round of staff cuts in Orange County this within a year — so far. Earlier this week, the Register reported a 15% drop in daily circulation.
Watch for: Sources say the Daily News is close to unveiling its latest layoffs.
© 2003-2009 • About LA Observed • Email the editor
| Bev Hills billionaire Ron Burkle has $56 million in loans against his two houses. The McCourts have borrowed $28 million on their properties.
| Advice for Greenies in a Complicated World
| Steve Jones, the self-proclaimed Sire of Wilshire (a nod to the physical address of his former home at Indie 103.1 FM), is back on the air!
| She gaped at me like I was living history -- Miss Jane Pittman come to put her withered lips to the "Young Only" fountain straw of ageism.
As newspapers and television pull back from investigative reporting, foundations and other organizations are beginning to fill the void. One of the most interesting is Accountable California, a project of Local 721 of the Service Employees International Union.
Sponsors
Blogads
Get RSS Feeds
of LA Observed
of LA Observed
LA Observed publishes several Real Simple Syndication feeds for easy scanning of headlines. If you wish to subscribe to a feed, most popular RSS readers will do it for you. You can also enter the web address from the XML button below or click on a specific feed. For more help with RSS, try here or here.
