After Layoffs, Newspapers Embrace Content Sharing; McClatchy And CS Monitor Exchange Foreign Reports
This story was written by David Kaplan.
As the newspaper industry's prospects darken, and rounds of buyouts and layoffs have left little room for more cuts, The McClatchy Company (NYSE: MNI) is joining with the non-profit Christian Science Monitor on sharing foreign news coverage on a trial basis. The trial will last for three months and then the two will evaluate whether the combo worked. The exchange will involve two CS Monitor correspondents, one in New Delhi and the other in Mexico City, and two McClatchy foreign correspondents in Nairobi and in Caracas. The arrangement comes two months after McClatchy said it would cut an additional 1,150 jobs10 percent of its workforcewhile CS Monitor is preparing to shift from a daily to a weekly print pub and going online-only for breaking news. Meanwhile, the Associated Press is planning to slash 10 percent of its staff next year. That could make arrangements like McClatchy's and CS Monitor's more common. Release
-- Three Florida papers form tie-up with J-school: The trend of cooperative content has been happening in Florida since August, when three of the state's largest dailies came together to pool resources. Now, the threeTribune Company's The Sun Sentinel, McClatchy's The Miami Herald, and Cox's The Palm (NSDQ: PALM) Beach Postare forming a news service with online and print pieces reported by Florida International University j-school students, E&P reports. The South Florida News Services launches next month and will run at least until March.
By David Kaplan