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Star-Ledger facing cutbacks?

Discussion in 'Journalism topics only' started by spnited, Jan 7, 2008.

  1. spnited

    spnited Active Member

    This is very bad news...the cash cow of the Newhouse newspaper empire is bleeding:

  2. wickedwritah

    wickedwritah Guest

    Wow, big-time bad news.

    If The Star-Ledger is bleeding that much ...
  3. Joe Williams

    Joe Williams Active Member

    This is what happens when you lose the free advertising of "The Sopranos."

    Let's see Tony trudge out to his driveway and pick up the Internets.

    David Chase probably would end a documentary on newspapers the same way: The screen going black.
  4. goalmouth

    goalmouth Active Member

    Not a complete surprise, considering Dorf cut jobs some time ago, citing reduced revenue from the S-L.

    Also, I'd like to see how revenue from Conde Nast compares with the company's newspapers.
  5. Gold

    Gold Active Member

    You know, when I think of what I miss, I think about the Star-Ledger Sunday sports section and all of the great columns.

    Newhouse is not a publicly-owned company trading on a stock market. I would accept the fact that they are losing revenue but would wonder about if they are actually losing money.

    I lived in Newark for most of my life before moving to southern California. The thing about the Ledger is that pretty much as soon as the Newark Evening News died in 1972 or 1973, they saw themselves as a statewide paper. A former top editor of the Bergen Record told me that when the Ledger used to arrive at the state house in Trenton, that was the paper state officials felt they had to read.

    Why do I bring up this point? Because the Ledger's immediate area is Essex County, and it really wasn't covered very well. In the 70s to the 90s, they did little probing in Newark, which is where they were located. Essex County was treated like Union County or Morris County. The news side wasn't that good, although it always was a great paper for sports.

    I have to wonder what is going on when they can do better in circulation in a wealthy area like Morris County than the Daily Record and can't make money?
  6. shockey

    shockey Active Member

    the ledger's in serious labor talks with its printer/delivery unions. this is all about that.

    in the last 10 years, has the paper gone from printing money to losing money? yes. but it's not hemorrhaging money. there were christmas bonuses, per usual, and staffers are set to receive a lump some bonus equal to about 3 1/2 percent of their salaries this week.

    that's a lot of coin for the newhouse clan to spend on its featured newspaper franchise, which is why the staffers i know there aren't panicked. less comfy than a decade ago, but not panicked.
  7. Haven't they been doing all sorts of cuts - cost-cutting -- in sports already? Lots of kids replacing the old-timers?
  8. spnited

    spnited Active Member

    That was sort of how I read this as well, shockey. Good to know some of the old guys are still OK there.
    But, as you said, they used to print money. Now, not nearly the same.
    And given the hit the Times-Picayune has taken in the aftermath of Katrina, things are not quite the same in the Newhouse empire.
  9. shockey

    shockey Active Member

    no doubt about that.
  10. shockey

    shockey Active Member

    yes. through buyouts and such.
  11. KuwaitLady

    KuwaitLady New Member

    Seems like the alarming trend among the country's newspapers is spreading -- cut, cut, cut!! No journalists is safe, especially if you're old and long-tenured. Hello, online.
  12. shockey

    shockey Active Member

    hey, let's not get crazy now, estreet.
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