Layoffs at McClatchy
Looks like the expected layoffs at The Charlotte Observer and The N&O are happening today. I know many people at both papers and I have no doubt they will still continue to produce strong, impactful journalism. Still, the layoffs are bound to diminish the papers.
I certainly understand why corporate feels this action is necessary. Interestingly, both Charlotte and Raleigh have stable economic bases (financial and state government) -- at least compared with the Triad's. If memory serves, their recent circulation numbers declined at a slower rate than the industry average. But you can't fight the loss of classifieds, the ad market's downturn and corporate debt.
Comments (2)
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Folks at the Bradenton Herald in Florida (a former KR paper) sighed with relief when they heard McClatchy was eliminating only one position there -- But sighs quickly turned to shock & sadness when they learned the one cut was their gifted, much-loved managing editor. Everyone is still reeling.
Posted on June 23, 2008 11:47 PM
John, sounds like McClatchy is freezing wages and cuttings staff to make a pretty P&L for the trip to the bank to ask for money to buy the News & Record. Fire tons of good N&R long-time people replace half the positions with rookies and consolidate news coverage at all three papers.
Posted on September 5, 2008 9:29 PM