The US Newspaper Industry's Jobs Hemorrhage
The Miami Herald is not alone braving this perfect storm that is crippling the US newspaper industry.
News Cycle reports that so far this year, the country's newspapers have lost more than 15,000 jobs, between layoffs and buyouts.
It adds so far in December the industry has lost 750 jobs, the worst number since July.
Besides The Miami Herald, Los Angeles Times and The New York Times are also expected to announce job reductions in time for the holiday season and before the year is out.
A silver linings can be found in this very sad story. As The Associated Press reported last week, profits are going up again after so many workers have been let go.
Also, according to News Cycle, the industry seems to look to 2010 with more optimism:
Here is News Cycle's breakdown of job loses by month:
News Cycle reports that so far this year, the country's newspapers have lost more than 15,000 jobs, between layoffs and buyouts.
It adds so far in December the industry has lost 750 jobs, the worst number since July.
Besides The Miami Herald, Los Angeles Times and The New York Times are also expected to announce job reductions in time for the holiday season and before the year is out.
A silver linings can be found in this very sad story. As The Associated Press reported last week, profits are going up again after so many workers have been let go.
Also, according to News Cycle, the industry seems to look to 2010 with more optimism:
At the UBS [Media and Communications Conference] in New York this month, there was optimism about an upturn in 2010. E.W. Scripps chief executive officer told one session that "in the longer run, we will need to add (newsroom) jobs, add content and raise (circulation) rates," according to Poynter Media Business Analyst Rick Edmonds.
McClatchy chief executive officer Gary Pruitt said that the industry will perform "better than analysts' expectations" in 2010, and have cut costs so deeply that they "stand to benefit from even the slightest uptick," Edmonds reported.
McClatchy chief executive officer Gary Pruitt said that the industry will perform "better than analysts' expectations" in 2010, and have cut costs so deeply that they "stand to benefit from even the slightest uptick," Edmonds reported.
Here is News Cycle's breakdown of job loses by month:
November -- 293 people.
October -- 375 people.
September -- 347 people.
August -- 425 people.
July -- 2,505 people.
June -- 318 people.
May -- 1,084 people.
April -- 1,350 people.
March -- 3,943 people.
February -- 1,492 people.
January -- 2,256 people.
October -- 375 people.
September -- 347 people.
August -- 425 people.
July -- 2,505 people.
June -- 318 people.
May -- 1,084 people.
April -- 1,350 people.
March -- 3,943 people.
February -- 1,492 people.
January -- 2,256 people.
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