Layoffs at Ventura County Star

Seven jobs were cut, which may not seem like a lot but itís the first time the company has had to lay off anyone. The positions were in operations and production, circulation and accounting. Publisher George H. Cogswell III said the objective is to reduce costs without taking away from editorial and advertising (the paper is budgeted for 350 positions). Last year, advertising was down 15 percent, with real estate, want ads and automotive listings are taking the biggest hits. "I don't think we've seen the bottom yet," Cogswell said in a story about the layoffs. "We need to prepare ourselves. Things could get worse before they get better."


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook