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November 2004
AOL to Layoff 700 and Restructure
AOL, which has continued to lose subscribers to broadband competition, is planning to split into four different divisions called Access, Audience, Digital Services and AOL Europe. AOL also plans to layoff 700 employees. The layoffs will include job cuts at AOL's Virgina headquarters.
Sources: News.com, MSNBC, ComputerWeekly
Posted on November 28, 2004
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Newday Lays Off 100
Newsday, a daily New York newspaper published by the Tribune Company, is cutting 100 jobs -- or about 3% of the company's work force of 3,000 employees. Newsday.com reported that publisher Timothy P. Knight "blamed declines in advertising revenue on the circulation scandal coupled with ongoing consolidation among retailers and more media competition."
Sources: Crainsny.com, Newsday.com
Posted on November 15, 2004
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Major Layoffs at the BBC
Major cutbacks of 15% are expected at BBC News -- about 350 employees. And more are expected from other BBC departments. The Observer reported that BBC news workforce "will be cut back as part of a purge of up to 6,000 jobs across all departments." London's Evening Standard reported that jobs cuts at the BBC could go even higher than 6,000 but the BBC has since denied this possibility.
Source: The Observer, MSNBC
Posted on November 11, 2004
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Phillip Morris Ends Unlimited Magazine
Philip Morris is canceling Unlimited, an 8-year-old adventure travel magazine produced by Hachette Filipacchi and mailed quarterly to about two million smokers. About 12 employees who worked on the publication will lose jobs.
Source: New York Post, Jack O'Dwyer's
Posted on November 8, 2004
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Downsizing of Newspapers Continues
The BBC is reporting that The Times has announced it will
end its broadsheet format after 216 years and switch to a compact or tabloid format. The BBC also reports that other British newspapers like The Guardian and The Daily Telegraph are seriously considering tabloid formats.
The BBC news article is following the emergence of a newspaper
trend to tabloid we first mentioned on the Dead Zone back in
June, 2004 when we blogged about Zaman Online's report that some editors
at the World Association of Newspapers (WAN) Congress in Istanbul
suggested that many serious newspapers will soon offer a tabloid format to readers.
Source: BBC
Posted on November 8, 2004
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Magazines Considering Online Fees
Should online publications and magazines charge readers a fee
to access their website? Continued weak advertising and a weak
economy has some publishers contemplating the idea of charging.
Publications like WSJ.com, ConsumerReports.org and Salon.com have
managed to bring in growing revenues from charging for online subscriptions. However, for magazines that have lots of competitors
offering free content the decision can be difficult. Publishers worry about moving to a fee-based model and then losing traffic and advertisers to free online magazines, weblogs and discussion forums. Despite the risks from losing readers publishers quoted in a recent MarketWatch article appear to be leaning towards the idea. MarketWatch reported that Ann Moore, the chief executive of Time Inc., said "Find the market and they'll pay."
Source: CBS Marketwatch
Posted on November 5, 2004
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Times4Media Closes Two Extreme Sports Titles
Time4Media, a magazine publishing division of Time, Inc., is closing two of its magazines. Freeze, a freestyle skiing magazine, will close and cut eight jobs. The Denver Post reported that Freeze's circulation numbers were too low to sustain the
magazine. Times4Media will also cease publishing TransWorld BMX and transfer the subscribers to its
Ride BMX publication.
Source: Denver Post, News4Colorado, CrainsNy.com
Posted on November 3, 2004
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Layoffs Likely at AOL
AOL is planning to cut up to 700 more jobs because of shrinking subscriber numbers. News.com reported that AOL's number of subscribers has dropped from 25.3 million in June, 2003 to 23.4 million in June, 2004.
Source: News.com
Posted on November 2, 2004
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