Is the Washington Times Preparing to Shut Down?

[mahatmakanejeeves]

Thanks to DCRTV.com for the link.

Is TWT Preparing for Shut Down?

Is TWT Preparing for Shut Down?
By Matt Dornic on Dec 14, 2009 10:47 AM

Following The Washington Times' announcement of intent to lay off at least 40 percent of its staff of nearly 400, sources tell FishbowlDC that something is still awry with the management's intent for the future of the paper....

After issuing letters to staff per the federal WARN Act (which offers protection to workers, their families and communities by requiring employers to provide notice 60 days in advance of covered plant closings and mass layoffs), TWT management has made no effort to retain prized employees -- or any staff at all.
....

"Nothing is certain, but the projected layoffs are inching closer to 60 percent and the option of closing the paper within six months is starting to look like the most likely scenario," a source familiar with the situation told FishbowlDC.

Edited to fix the link.

[HopeHoops]

1. One can only hope.

[KamaAina]

2. The Moon is setting over DC

:bounce:

[gratuitous]

3. Wow, who'da thunk it?

Some overrich reactionary fuckwad either running out of money or finally deciding that enough is enough of pouring cash into a bottomless pit? Well, we'll always have Richard Mellon Scaife; he gets far more bang out of far fewer bucks.