Friday, November 18

Fantastic

Shit.

From the CA:

The Commercial Appeal joins a growing list of publications either laying off employees or offering buyouts.

The CA Thursday announced it would offer buyouts to about 170 employees in order to reduce staff by mid-January.

Employees who are at least 50 years old and have 15 years of service are eligible. The newspaper employs 774.

...

The reasons are myriad but start with operating costs, which for newspapers include eight hikes in the price of newsprint since 2002.

"Basically newspaper ad revenues are not keeping pace with inflation," Morton said. "The growth is under 3 percent while at the same time newsprint is going up in the range of 10 to 15 percent."


Wait, but what about this?

Dark times are ahead. I should see about taking the old GRE.

2 Comments:

Blogger nashgirl said...

Well, as long as you never reach the age of 50, I guess you're alright. Its never the young fresh newbies that get cut.

Fri Nov 18, 04:55:00 PM  
Blogger theogeo said...

Well, scientists are working on anti-aging measures, so keep those digits crossed. Cough.

Fri Nov 18, 10:59:00 PM  

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