AUSTINHearst Corp. which owns the Houston Chronicle and San Francisco Chronicle among other papers is asking all of its newspapers to cut costs 20 percent this year and Jim Moroney publisher and CEO of The Dallas Morning News has reduced staff by 500 jobs across all of the newspapers properties.
Our company continues to face unprecedented economic challenges during this prolonged recession making this staff reduction a very difficult but necessary decision" said Moroney.
Steve Swartz president of Hearsts newspaper unit blamed the need to cut newspaper costs on the plunging advertising sales. The Houston Chronicle has had a string of layoffs since 2007 shedding more than 300 employees.
Hearst threatened to close or sell the San Francisco Chronicle unless it gets rid of 150 jobs. Already this year Hearst has eliminated the print publication of the Seattle Post-Intelligencer and kept a much-smaller online news entity instead.
In August 2008 the Dallas Morning News announced it would be reducing its work force by 14 percent or 500 full-time employees by the end of the year. The next month the Dallas Business Journal reported that A.H.
Belo completed a voluntary staff reduction by which 413 employees left with voluntary severance.
The voluntary departures have resulted in some economic boost for the Dallas Morning News as they are saving $29 million on an annualized basis.
AUSTINHearst Corp. which owns the Houston Chronicle and San Francisco Chronicle among other papers is asking all of its newspapers to cut costs 20 percent this year and Jim Moroney publisher and CEO of The Dallas Morning News has reduced staff by 500 jobs across all of the newspapers properties.
Our company continues to face unprecedented economic challenges during this prolonged recession making this staff reduction a very difficult but necessary decision" said Moroney.
Steve Swartz president of Hearsts newspaper unit blamed the need to cut newspaper costs on the plunging advertising sales. The Houston Chronicle has had a string of layoffs since 2007 shedding more than 300 employees.
Hearst threatened to close or sell the San Francisco Chronicle unless it gets rid of 150 jobs. Already this year Hearst has eliminated the print publication of the Seattle Post-Intelligencer and kept a much-smaller online news entity instead.
In August 2008 the Dallas Morning News announced it would be reducing its work force by 14 percent or 500 full-time employees by the end of the year. The next month the Dallas Business Journal reported that A.H.
Belo completed a voluntary staff reduction by which 413 employees left with voluntary severance.
The voluntary departures have resulted in some economic boost for the Dallas Morning News as they are saving $29 million on an annualized basis.
