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Dead Zone Roundup 12-16-08

It's nearly impossible to keep up with the rate of salary freezes and layoffs in the media and publishing industry here at the end of 2008. The pace seems to be quickening as we head into 2009. Here's some depressing highlights of recent layoffs, cutbacks and closures.

  • Yahoo is laying off 1,500.
  • Advertising Age publisher Crain communications has cut 60 jobs - 6% of its workforce.
  • CBS wiil be making cuts at CBS Interactive and CNET.
  • ReelzChannel is cutting about 40 jobs in L.A.
  • Unlucky at Lucky - expected to reduce staff by 5% according to Portfolio.
  • Cottage Living magazine is folding.
  • Tribune Media has filed for bankruptcy.
  • TechTarget is closing two publications and cutting jobs.
  • Viacom announced earlier this month that it will be reducing its workforce by 7%.
  • NPR is cutting 64 jobs and ending two shows.
  • Macillan has instituted a salary freeze. They have also announced layoffs.
  • Newsday announced 100 job cuts.
  • Penguin has also instituted a salary freeze.
  • Houghton Mifflin Harcourt has stopped accepting new manuscripts.
  • Simon & Schuster cut 35 positions.

    Posted on 2008-12-16





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