Sun-Times: Happy New Year! You're fired!

From the crosstown Tribune. I imagine it's not a good day in Sun-Times land. A total of 40 positions gone, including 35 reporters, columnists and section editors. No names.

http://www.chicagotribune.com/business/chi-080104suntimes,0,4110370.story

 

Why can't they ever do this shit in May?

 

The beginning of the year seems to be a popular time to pull this crap.

 

Since you asked:

http://www.startribune.com/business/11217056.html

 

Don't know what's worse, doing this at Christmas time or right after you've charged hundreds of dollars for presents.
Until newspapers find a way to increase revenues rather than just maintain profit margins, this stuff will continue. And all I see from management types is a lot of wasted energy, spin and poorly thought out "reorganizations."

 

The question, and I know there have been countless threads on this: Is it time for young people to get out now? Law school, MBA, whatever it is. And maybe try to come back in if things improve?

Or is this the time you have to stay aboard because once you've staked out position, you'd be nuts to let it go in this environment?

For someone with a wife and thinking about a family, this is getting very, very scary.

 

What indications are there that there'll be a reversal, especially with the national economy gradually going to hell?

 

Like most newspaper companies, Sun-Times Media has been hurt over the past several years by the march of readers and advertisers from print to the Internet. In addition, Sun-Times Media has been hurt financially by huge legal and investigative costs associated with the scandal and subsequent fraud convictions of former CEO Conrad Black and Sun-times publisher David Radler.

fuckabunchabastards

 

Sun-Times has also been very slow to embrace its Web presence, unlike the Trib, whose site is one of the best for a daily newspaper.

 

the economy is in the toilet. if all you want is paycheck and you don't care how you make it, it's easy to figure out what industry to go in - nursing, IT, etc.