Is it really the end of the Newspaper? Below is an email detailing the drastic measures being taken at one the print publications in my area. If you read this you can clearly see it is the beginning of the end.
20% pay cuts across all XXX employees as well as Friday furloughs to all.
No additional PTO(paid time off) through the 2nd half of 2009
All cell phone payments covered by XXX will be cut in half
The company is no longer covering sales reps home phone or dsl
The companies explanation was that they needed the capital to comply with their bank and investors
It is sad. One of my favorite things when I was in college was to go and get a New York Times, L.A. Times, Houston Chronicle, and Boston Globe newspaper on a Sunday. Then I would spend the day reading all the papers and comparing the different “slants” on essentially the same story. This was before it was so prevalent to have one Associated Press reporter write an article for every major paper.
I used to love to buy the Houston Post and the Houston Chronicle and compare their views on the same subject. (Now do you see why I say I am a news junkie.)
Will our kids grow up and not even know about print newspapers?
Although I will say the rise of online journalism and blogs has been very interesting. A few months ago I found myself (and several officemates) spending an entire day trying to respond to a Blog report. One lone guy had developed a story that could adversely affect us and he was about to post it on his blog…and we spent an entire day trying to figure out how to respond. The power of the press…