Newspaper Roundup: LAT; NYT; East Valley Tribune
This story was written by David Kaplan.
-- LAT slashes 75 editorial jobs: Editors at the Tribune Company paper met over the weekend to draw up lists of those whose jobs would be cut. At least 75 jobs will be lost, either through voluntary exits or layoffs. Back in Feb, LAT was forced to eliminate 100-150 losses, 40-50 in the newsroom as part wider reductions at Tribune.
-- Sulzberger agonistes: A long piece in New York magazine looks at the future of the New York Times Co (NYSE: NYT). and examines possible missteps by its chairman and publisher Arthur Ochs Sulzberger Jr. Among the recent errors: the $3 billion in stock buybacks, the purchase of and sale of Discovery (NSDQ: DISAB) Times Channel and passing on the pre-public financing of Google (NSDQ: GOOG). The article also looks at the younger Sulzberger family members such as 26-year-old Annie Sulzberger, whose Friendster profile (since taken down) describes her as an aspiring Daily Show correspondent. The overarching question: will the Sulzberger family eventually go the route chosen by the Bancrofts, who sold their interest in Dow Jones to News Corp (NYSE: NWS). after seeing their newspaper fortune shrink as the internet rose.
-- East Valley Tribune cuts staff, publishing schedule (via Romenesko): The free Phoenix daily will cut 40 percent of its workforce142 jobsand will only publish four days a week. The East Valley Tribune, owned by Freedom Communications, the publisher of California's Orange County Register, has already gone through three rounds of layoffs.
By David Kaplan