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October 2004
Texas Papers Cut Jobs

Two leading Texas newspapers The Dallas Morning News (published by Belo) and the Houston Chronicle (published by Hearst) have cut 300 jobs. The Chronicle cut 10% of its workforce -- about 243 jobs. The Dallas Morning News is reported to have laid off dozens but was not specific about the exact number of job losses. There seems to be an increase in newspaper job losses nationwide as we head into the holiday season.

Source: News8Austin, Houston Chronicle

Posted on October 31, 2004
Permanent link to this entry.

CNN/FN Closing

CNN is closing its CNN/FN financial news network in December. MSNBC.com reported that the network failed to compete with the popular CNBC financial news provider. 60 jobs will be cut as a result of CNN/FN's closing.

Source: MSNBC.com

Posted on October 29, 2004
Permanent link to this entry.



CBS Marketwatch Up for Sale

CBS MarketWatch, a top online financial website, is going up for sale. The New York Times reported that bids are expected to be around $400 million and possible bidders include Viacom, Dow Jones, New York TImes and Yahoo. The site was started by newspaper editor Larry S. Kramer in 1995.

Source: New York Times

Posted on October 28, 2004
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Hoy to Layoff 20%

Hoy, a Spanish daily newspaper, is cutting 20% of its workforce, about 100 employees according to Los Angeles Business. Hoy recently corrected some overstated circulation numbers. 70 job losses will occur in New York according to Newsday and the rest will occur in Hoy's Los Angeles and Chicago offices.

Source: Los Angeles Business Journal, Sun-Sentinel

Posted on October 22, 2004
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Job Cuts at the SF Chronicle

The AP reports that the San Francisco Chronicle has laid off "10 pecent of its non-union management and support staff as it cuts costs while dealing with flat revenues in the difficult economy." Publisher Steve Falk told the AP that this one only the beginning of cost structure changes that the paper would need to make.

Source: Associated Press

Posted on October 21, 2004
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77,000 News Jobs Gone in 2.5 Years

At the latest Associated Press Managing Editors (APME) conference editorial job losses, war coverage and cultural issues were among the topics discusses. The AP reported that Stuart Wilk, the vice president and associate editor of The Dallas Morning News, said that newspapers have become a cross between Fear Factor, Survivor and Extreme Makeover. He also mentioned that 77,000 news jobs have been lost in the last 2.5 years. Wilks called on journalists to cover the news with the "fire of their predecessors." Wilks said, "If we feel we're too timid and too lazy, if we feel we're going down the wrong road, maybe it's time that we go back to the beginning of the path."

Source: Associated Press

Posted on October 14, 2004
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LucasArts Lays Off 31

LucasArts is laying off 31 employees from its development studio and cutting back on game titles. The company said the layoffs were part of a major restructuring.

Source: Slashdot, GameSpot.com

Posted on October 10, 2004
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Reuters Outsources to India

The Wall Street Journal reports that Reuters is starting to outsource some jobs overseas. The WSJ reported that Reuters, "would triple its staff in India by the end of next year and eventually could have 10% of its total workforce located there, making India its biggest data-gathering center and underscoring how the global-outsourcing business is entering new industries." The WSJ went on to say the job total in India could eventually hit 1,500, which is about 10% of Reuters' worldwide workforce of 14,700.

Sources: Wall Street Journal, Dow Jones

Posted on October 7, 2004
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YM Closes and Merges with Teen Vogue

Conde Nast is purchasing some YM assets from Gruner + Jahr. Conde Naste will also shut down the YM magazine and transfer the 1.2 million subscribers to its Teen Vogue title. YM will officially end in January, 2005.

Sources: Media Post, The Write News

Posted on October 7, 2004
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Fox News Makes Up Kerry Quotes

Fox News has issued an apology for an article that included made up quotes that were attributed to Senator John Kerry. The reporter Carl Cameron posted an article to the website that contained quotes that were supposed to be from Senator Kerry but were actually made up by Cameron. Some of Cameron's made up quotes included "Didn't my nails and cuticles look great? What a good debate!" and "I'm metrosexual - he's a cowboy." No word that Cameron would be fired over the despicable incident. Fox News spokesman Paul Schur would only say that Cameron was "reprimanded" according to the Associated Press.

Source: USAToday.com

Posted on October 1, 2004
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