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Saturday, January 05, 2008

Sun-Times newsroom staff faces 35 layoffs

[...]
The proposed cuts, which would be one of the worst newsroom purges there in recent memory, are part of a plan the newspaper's parent, Sun-Times Media Group Inc., announced in December to reduce operating costs by $50 million this year as the company's financial picture worsens.
[...]
Like most newspaper companies, Sun-Times Media has been hurt over the past several years by the march of readers and advertisers from print to the Internet. In addition, Sun-Times Media has been harmed financially by huge legal and investigative costs associated with the scandal and subsequent fraud convictions of former Chief Executive Conrad Black and former Sun-Times Publisher David Radler.
[...]
And of course the paper never recovered from the 1984 exodus of Mike Royko who fled the Rupert Murdoch take over

Labels: Sun Times. Chicago. Royko. More Firings and Job Loss.

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