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New York Times Cuts 100 Workers as Costs Rise, Washington Post to Follow

WIRE: Two of the most respected U.S. newspaper publishers, The Washington Post Co and The New York Times Co, are embarking on new cost cuts in the face of dramatic declines in advertising revenue.

The Times said it laid off 100 workers and is cutting non-union salaries. It is also asking unionized employees to accept similar concessions to avoid layoffs in the newsroom…

Lawmakers Push for Newspaper Bailout…

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Filed under: Media, , , , , , , , , , , , , , ,

Murdered ABC Journalist Turns Out to Be Pedophile, Found Teenage Boys on Craigslist

PAPER: The officials said that Mr. Weber, 47, and the teenager apparently met through the Craigslist Web site. One of the officials, who declined to be identified because he was not authorized to speak about the case, said that Mr. Weber had posted advertisements on Craigslist and messages on his Facebook page saying that he was interested in meeting young Hispanic men…

Filed under: Crime, , , , , , , , , , , , , , , , , , , , , ,

Senator Petitions for Newspaper Tax-Breaks, Operating as ‘Low-Profit’

SEN. CARDIN: This may not be the optimal choice for some major newspapers or corporate media chains but it should be an option for many newspapers that are struggling to stay afloat…

NET: Senator Benjamin Cardin (D-Maryland) Wants Newspapers to Operate as ‘Low’-Profits…Tax Breaks…

NEWS: Frank Nicastro, who represents Connecticut’s 79th assembly district, is asking the state government to do something to salvage The Bristol Press, a paper that may fold within days, along with The Herald. The papers’ publisher, Journal Register, is in danger of being crushed under millions of dollars in debt, and can’t afford to keep them open…

Filed under: Media, Politics, , , , , , , , , , , , , , , ,

BREAKING NEWS: OBAMA TO OVERHAUL EXEC. PAY AND FINANCIAL REGULATION

YOU’RE NEXT

“The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said…”

Filed under: Economics, Obama, , , , , , , , , , , , , , , , ,

Attorney General Holder to Support FAILING Newspapers, Follows Pelosi

“U.S. Attorney General Eric Holder said on Wednesday preserving a healthy newspaper industry was important and he was open to adjusting antitrust policy if it could help…

“I’d like to think 20, 30, 40 years from now people will still be reading the newspaper,” Holder told reporters…”

Source: blog.pentagram.com

Source: blog.pentagram.com

Pelosi Seeks Subsidies for Failing Newspapers…

Let Free Markets Work…?

Filed under: Obama, Politics, , , , , , , , , , , , , , , ,