Gone: 3,500 Newspaper Jobs In Two Months, $3.9B In Newspaper Stock In Two Weeks

[Ichingcarpenter]

Everyone knows that it's a lousy time to be a newspaper employee who wants to remain a newspaper employee, but MediaPost has actually run the numbers: It tallies more than 3,500 job cuts at American newspapers since late May. A partial body count:

* Media General: 810
* Washington Post: 100
* Gannett: "Hundreds" (At least 255)
* Honolulu Advertiser: 54
* Arizon Republic: "50 or more"
* McClatchy: 1,400
* Chicago Tribune 80
* Los Angeles Times: 250
* Baltimore Sun: 100
* Hartford Courant: 57
* Orlando Sentienl: 50
* Dayton News-Journal: 99
* Palm Beach Post: 300
* Atlanta Journal-Constituion: 189
* Wall Street Journal: 50 (but hiring 90+)
* Boston Herald: 130-160

Alas, none of this is doing what it's supposed to do: Convince Wall Street that papers can turn around their slide. Alan Mutter points out that newspaper companies have collectively lost $3.9 billion in value in July alone.

Links to data found at site:
http://www.alleyinsider.com/2008/7/gone-3-500-newspaper-jobs-in-two-months-3-9b-in-newspaper-stock-in-two-weeks

I think you will see our news reporting getting even worse

[Octafish]

1. Reporting will get ''even worse.''

Fewer journalists mean less independent coverage and more wire "service" coverage. Here in Detroit, much of what gets heard and seen comes from New York City. It's OK, if America wants a nation of "low information voters."

OT: Corporate McPravda also is outsourcing editing to India.

Copyediting? Ship the Work Out to India

[Ichingcarpenter]

3. The loss in the newspaper stock will accelerate the process even further

Winston Smith will be very busy going over stories.

[Octafish]

4. Absolutely will end up that way. Plus, a bigger pie for the surviving Media Monopoly.

My corner of Corporate McPravda has been shedding jobs for years. My department's gone from four full-timers plus one part-timer to me and a part-timer who gets shared with another department.

For Winston, new digitization technologies serve to speed the process of his work keeping tabs of which alliance Oceania is in at the moment.

[Prisoner_Number_Six]

2. Since none of them even TRY to practice real journalism anymore

I suspect it will be a small loss to the nation.

:shrug:

[cobalt1999]

5. Internet news has replaced my local newspaper as a news source.

The only thing left for the local paper is local news, events, weather. Probably doesn't take many people to produce that.

[Generic Other]

6. They should not have alienated people who still know how to read

by only printing lies. I have been telling my local paper this for 8 years when they call begging me to resume my lifelong subscription that was CANCELLED in 2003.