Friday, February 06, 2009

Rumors at The Herald

In his memo yesterday to Miami Herald staffers, publisher David Landsberg addressed the inevitability of more staff cuts:
"Unfortunately, it is already apparent there is no way to avoid the elimination of staff positions. We are exploring several alternatives to help limit the number of layoffs."
Rumors are circulating in the newsroom that one of the alternatives to limiting the number of layoffs will be to ask remaining staffers who still have jobs to take pay cuts.

Or following the lead of other papers, staffers may be asked to take unpaid days off.

Stay tuned.
Posted by Bill at Friday, February 06, 2009

2 comments:

  1. AnonymousFebruary 06, 2009 10:20 PM

    Maybe they can start off by asking the stockholders to take a pay cut.

    ReplyDelete
  2. BillFebruary 07, 2009 3:20 PM

    Not much more stockholders can do. They are holding stock that's now worth less than a dollar a share.

    Five years ago it was selling for above $50 a share.

    ReplyDelete

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