Thursday, February 1, 2007

NYT Revenue Down

The Wasington Post reports today that the New York Times profits are down on the value of the Boston Globe, awash in red ink, and they are citing "company plans to save up to $75 million in 2007 through cutbacks and outsourcing." What does that mean? They are cutting costs on the backs of staffers by hiring more freelancers at a pittance of the pay they should be getting. Martin Baron, Globe editor does not expect to eliminate more jobs during 2007, nor is the paper for sale. If I believe no more jobs will be cut, then how about that Brooklyn Bridge? Selling that too are we?

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