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July 2003
- Small Pay Raises
U.S. Companies are giving the smallest raises (under 4%) since
the mid 1970s. Two studies found average salary raises falling in the
3.3% to 3.5% range, which just barely beats inflation.
Source: Quicken.com 7-31-03
- Reader's Digest Announces More Layoffs
Reader's Digest has announced
a steeper number of job cuts.
The publisher plans to cut 580 jobs (12% of its work force) by the
end of 2003. Earlier this year the company said it planned to
lay off 4% of its work force.
Source: Reuters, TheJournalNews.com 7-30-03
- Email More Important Than House or Spouse
Losing email for a week or longer is more upsetting to
tech people than moving or divorce.
Source: BBC 7-29-03
- The Hartford Courant is laying off 23 employees, about
2% of its total workforce (1,200).
Source: CTnow.com 7-29-03
- Pearson is planning a 10% staff cut from
The Financial Times. The newspaper suffered heavy
losses in the first half of 2003.
Source: The Guardian 7-28-03
- AOL Loses 846,000 Subscribers
America Online lost 846,000 subscribers in the second quarter of
2003. The company is adding new content from Time Inc. magazines
and releasing a new version packed with new features (AOL 9.0),
in an aggresive attempt to hold on to its attractive subscriber base.
Source: Business Week, Washingtonpost.com 7-28-03
- Tonos.com, a website
that showcases independent songwriters and artists, has
stopped taking new members and may close soon with new funding
-- according to Fool.com.
Source: Fool.com 7-28-03
- Penthouse Magazine In Financial Trouble
Penthouse Magazine could cease publishing in the coming
months. The magazine missed its April-July print schedules
and employees recently received only 1/4 of their normal pay.
Penthouse also owes $400,000 in rent for its New York headquarters.
Publisher Bob Guccione could also soon lose his
Penthouse Mansion.
Source: MSNBC,
NJ.com 7-25-03
- At Home In New Orleans magazine is ceasing publication.
MC Media, publisher of New Orleans magazine, acquired
At Home In New Orleans from the At Home Media Group.
MC Media will incorporate some elements of the magazine into
one of its quarterly publications.
Source: Arkansas Democrat-Gazette 7-24-03
- Viacom's book publishing unit Simon & Schuster is cutting
75 jobs, about 5% of its total workforce.
Source: Reuters, Publishers Weekly 7-22-03
- The Southern Baptist Convention’s International Mission Board has
suspended publication of theCommission and cut 37 jobs.
theCommission magazine tells the stories of international
Christian missions.
The online edition of the magazine will continue. Cutting the
print edition (which had 250,000 subscribers) apparently saved
$800,000 in mailing and printing costs.
Source: ChurchCentral.com 7-18-03
- The Oxford American magazine is ceasing publication
again. At Home Media Group, the owner of the magazine,
was unhappy with the amount of revenues the publication
was generating.
Source: Yahoo News 7-16-03
- AOL has laid off 50 people involved with browser
development at its Netscape unit and is terminating its
involvement with the Mozilla Project. Mozilla provided a
popular open-source alternative to Microsoft's Internet Explorer.
However, AOL announced the launch of the
Mozilla Foundation, which will continue Mozilla's open-source
projects. AOL put $2 million into the new organization.
Despite the launch of the Mozilla Foundation, some Slashdot users
argue the move could be the end of Mozilla.
Sources: BayArea.com,
Slashdot,
Ecommercetimes.com,
ex-mozilla.org
- Google's Cache Feature Causes Copyright Concerns
Publishers like the New York Times that charge fees for
content after thirty days are upset that readers can still
sometimes access the content using Google's
cache feature. Google does allow publishers to opt out of the
cache feature, but some experts predict there could be legal action
over Google's caching down the road.
Source: News.com 7-9-03
- The Dublin Daily, with a staff of 45, has ceased
publishing after only 90 issues.
Source: OnBusiness.ie 7-9-03
- Troll Communications will close for good and a majority of
Troll's inventory will be sold to Scholastic out of bankruptcy.
Publishers Weekly reported that few of Troll's remaining 150
employees are likely to be re-employed with Scholastic.
Source: Publishers Weekly 7-7-03
- The Sporting News has recently cut all of its
freelance baseball correspondents and half of the freelance
football correspondents. About twelve full-time employees
have also left the company.
Source: Washingtontimes.com 7-6-03
- The SFWA reports that Clarion Writer's Workshop,
a science fiction writers’ workshop, was told that
Michigan State University will be unable to continue
support of the program.
However, the program has been able
to overcome such funding removal threats in previous years.
Source: SFWA 7-2-03
- Disney Lays Off 100 Employees
Disney has laid off 100 employees from its Walt Disney World
attraction. Weak theme-park attendance was blamed for the job cuts.
Source: Sun-Sentinel 7-1-03
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