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Boston Globe to cut news jobs
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The recession is just the latest challenging story for old media companies like the Boston Globe, owned by the New York Times Company. Interestingly, the Globe reported on Boston.com on its own newsroom cuts of an expected 50 employees, 12 percent of its newsroom staff.
Not to be overly optimistic, the Globe's editor Marty Baron told staff in an e-mail that:
We are being tested again, and a resourceful newsroom like ours can meet the test.
Boston media writers, like the Boston Phoenix's Adam Reilly, have been talking to their sources at the Globe and the Globe Newspaper Guild, the union representing employees.
The Guild made an offer the Globe can probably refuse:
Although the NYT / Boston Globe made some management cuts this past November 2008, those cuts in no way approach the cost savings provided by The Boston Newspaper Guild members. It is time for the NYT / Globe to focus on management only cuts.
Media Farm of the Weekly Dig unhappily blogged that just about everybody in the newspaper business, Dig included, is trimming pages and shifting over to Web publishing.
Our home, the Weekly Dig, is, uh ... snugger. We are, of course, in good company: The Globe cut down on pages, the Herald shrank its page size, as did the Boston Business Journal. And, rumor has it the Phoenix's shiny, demented step-sister, Stuff@Night, is going monthly (and changing its name to Stuff, because nighttime is just too much focus for them).
Dan Kennedy, the emeritus media reporter for the Phoenix, posted at his blog Media Nation that the top executives at the Globe could probably afford to trim a little of their compensation. Look at what the top dogs at the New York Times Company make:
- Arthur Sulzberger Jr., chairman: salary, $1,087,000; total compensation, $3,439,280
- Janet Robinson, chief executive officer: salary, $1 million; total compensation, $4,142,410
- Michael Golden, vice chairman: salary, $1 million; total compensation, $1,706,579
- James Follo, chief financial officer and senior vice president: salary, $480,000; total compensation, $859,273
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