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More wretched news for newspapers as advertising woes drive anxiety

Posted by   /  October 28, 2016  /  1 Comment

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papers-master675By Sydney Ember | The New York Times

The gloom began earlier this month, when Gerard Baker, the editor in chief of The Wall Street Journal, sent a memo to employees that said, in part, “every story should be as short as it needs to be.” The next week, William Lewis, the chief executive of Dow Jones, which owns The Journal, announced a newsroom review that he said would be “underpinned by a series of cost-management initiatives.”

Two days later, on Oct. 21, the anvil fell: Mr. Baker informed employees in another memo that The Journal was looking for a “substantial” number of them to take buyouts, and that layoffs were in the offing.


Related: ‘It Was a Total Bloodbath:’ USA Today Journalists Recount Layoffs

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1 Comment

  1. The world is changing super fast and newspapers didn’t keep up with the relevant niche content people are making online. It’s not that big of a surprise that this is happening. http://parklu.com/en/blog/the-only-kol-strategy-needed-for-growth

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