Wednesday, August 13, 2008

Yikes! Everyone Gets Kicked to the Curb!

> Gannett said laying off 600 newspaper employees; pub's memo says cuts among total 1,000 jobs axed
A Maryland publisher told employees late this afternoon that Gannett is eliminating 1,000 newspaper jobs, or about 3% of the troubled newspaper division's workforce -- and that about 600 employees are being laid off, a Gannett Blog reader says. [Click for MORE]

> Charges drag Tribune to $4.5 billion 2Q loss
> Trib value fell $20 million a day under Zell
> Sun-Times Media swings to 2Q loss
> Cox to sell off several newspapers, Valpak operations
> Cox to sell Austin American-Statesman,
> News-Journal Corp. officially for sale
> Journal Register Reports Assets of $77 Million -- And Liabilities of $719 Million
> Houston, San Antonio Dailies Discuss Joint Feature Production
> Observer offers employee buyouts
> Post Co. Reports First Operating Loss in 37 Years
> McClatchy writes down value of its 25.6% stake in Classified Ventures
> McClatchy's Lexington Herald-Leader offers yet another buyout package
> McClatchy lowers estimated value of Seattle Times to $9.9M
> Baltimore Sun to undergo a reinvention, not just a redesign

Tribune's So. Florida Sun-Sentinel: Old look, left; New look, right. [Click for DETAILS]

And The Good News?

> CNN to put "all-platform journalists" in 10 US cities
> Huffington Post's Chicago site to launch on Thursday
> Palm Beach's rich shelter the Daily News from newspaper woes Sphere: Related Content