1. "The Star-Ledger announces large-scale buyout offer": News from Matt Seitz's old haunt, via Alan Sepinwall, who offers a brief reaction.
["The owners of The Star-Ledger announced today they will sell the newspaper if they cannot win union concessions and persuade a large number of non-union, full-time workers to take buyouts in the next two months. The owners set a deadline of Oct. 1 for getting 200 of the paper's 756 non-union full-time employees to take a buyout and for achieving the union concessions. The paper's total workforce is 1,412. The offer comes at a time when the newspaper industry is reeling from plunging advertising revenues linked to a troubled economy and the growth of online media. The news was announced to grim-faced employees by Publisher George E. Arwady at the paper's headquarters in Newark this morning. He characterized the paper as being "on life support" and urged employees to consider the offer for the good of fellow employees. "Despite the best efforts of all of us, The Star-Ledger is losing a battle to survive," Arwady said, noting the paper has suffered heavy losses the past two years. "If the Ledger is to have a future, it must make further changes in how it operates.""] Continue Reading »















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