Last week was a mess in the newspaper industry where news of layoffs at major papers filled the headlines (and still are). Well Alan Mutter sees harder times ahead as the industry gets ready to head into the hardest times in the history of the media industry…
Alan Mutter discusses “Where extreme cuts may come at papers“…
The list of potential expense reductions includes squeezing staffing, shuttering bureaus, carving out layers of middle management, telescoping multiple sections of the paper into one, tightening newshole, scrapping syndicated features and wire serevices, axing op-ed pages and book sections and eliminating classified ads on certain days of the week.
In other words, a newspaper that cannot sell enough advertising or cut enough expenses to sustain profitable operations is not likley to make it to the other side of 2009.
Where do you see the cuts happening? What cuts are your local newspaper taking?
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