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Post-Dispatch buyouts

Discussion in 'Journalism topics only' started by ARD, Aug 2, 2007.

  1. ARD

    ARD Member

    St. Louis offering buyouts to (surprise!) staffers over 50.

    Via Romenesko
     
  2. Editude

    Editude Active Member

    People fleeing to the suburbs no longer buy the P-D. I heard at one point that this paper paid the best relative to its cost of living.
     
  3. Jeremy Goodwin

    Jeremy Goodwin Active Member

    P-D didn't go to Big 12 or Big Ten media days as parts of budget cuts. Last year they didn't travel with U of I football. I'm not sure if that applies to this year too.

    http://www.stltoday.com/blogs/sports-tiger-tracker/2007/07/media-days-money-and-mapping-the-tigers-schedule/#more-13609

    http://www.stltoday.com/blogs/sports-tiger-tracker/2007/07/a-final-word-about-media-days/#more-13669
     
  4. SockPuppet

    SockPuppet Active Member

    And I've been told the P-D has a profit margin of at least 30 percent. Money grabbing fucktard bastards.
     
  5. steveu

    steveu Well-Known Member

    Jesus. Great paper, same clueless management as other organizations. You'd just hope some of Graham's blog posters would call or e-mail the P-D. Ya, I know... wouldn't do any good, but you can at least voice your position.
     
  6. Riddick

    Riddick Active Member

    how bad might sports get hit with this?
     
  7. STLIrish

    STLIrish Active Member

    The memo on Romenesko, didn't specify any target number. So it's kind of hard to say. Are there many 50+-ers in the sports department there (besides Hummel, of course)?
     
  8. IGotQuestions

    IGotQuestions Member

    Their profit supposedly went down just 1 percent, too. Greedy flies indeed.
     
  9. zeke12

    zeke12 Guest

    If I'm not mistaken, the P-D is a union shop. And it does pay very well, generally.
     
  10. JBHawkEye

    JBHawkEye Well-Known Member

    I read what she said and thought the same thing. Then I thought, "I wonder if she'll get in trouble for this?" With corporate people, anything is possible.
     
  11. Central-KY-Kid

    Central-KY-Kid Well-Known Member

    St. Louis Post-Dispatch:
    http://www.stltoday.com/stltoday/emaf.nsf/Popup?ReadForm&db=stltoday%5Cbusiness%5Cstories.nsf&docid=8325C99BA0E95C8B8625732B007EC2EF

    St. Louis Business Journal:
    http://stlouis.bizjournals.com/stlouis/stories/2007/07/30/daily60.html?jst=b_ln_hl

    Associated Press:
    http://newstribune.com/articles/2007/08/03/business/150state39post.prt
     
  12. Twoback

    Twoback Active Member

    Whatever the margin is at this point, it never ceases to amaze me that the newspaper business is the only industry that responds to economic challenges -- to declining interest in the product -- by making the product WORSE.
    It's like GM or Ford taking out the radio and telling people they can sing to themselves if they want to hear music. Who's going to buy that crap when Lexus is giving you Bose stereo sound?
     
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