Gannett announces furloughs

um, he is a caricature. I ignored the account when it stopped being funny.

 

Actually they make you look like a SUIT

Sorry couldn’t resist

 

When was it ever funny?

 

That's actually not ridiculous, Barf.

Someone who doesn't know what work other departments do, doesn't care to find out about other departments and just issues blanket statements without regard to the truth or reality, just to try to prop up their own arguments and point of view.

Applies to Fredrick and his "suits".

 

It was sorta funny at first because it reminded me of somebody I once worked with. It became repetitive very fast.

 

On Coco's note on ads... about two weeks ago, we had a Toyota dealership talking about how they're ready to "buy your car". That changed overnight... to me, the sign of a true recession on the way. At least, in 2008, we saw the shift from soft ads for higher-end brands to the McDonald's $1 menu over about a year's time. This took about a week.

TEGNA has been open to buyers in recent months, before all of this hit. They have a very desirable portfolio when you look at their top markets. Good shops in Denver, Minneapolis, Seattle, St. Louis, Phoenix, Atlanta, DC. Markets where people watch a lot of TV.

But their stations are bloated. They still have a lot of high-dollar anchors in these newsrooms and also multiple anchor teams at night.

In 2020, anchors are like quarterbacks. They're paying a lot of "$40 million contracts for Dak Prescotts and Andy Daltons" -- people who have been there for a long time -- but is the extra money worth the WAR? You don't need Tom Brady or 2015 Aaron Rodgers to be #1. You just can't do by going cheap with Haskins or Osweiler.

As an anchor myself, I'd love to think that WE are the reasons that people watch. In a select few markets now, that's still the case but those dinosaurs are dying. I could get fired today and the ratings would probably be fine tomorrow.

When this all shifts, it'll be even more difficult for a #3 or #4 newsroom to survive. The #1 and #2 shops will survive. Another thinning of the herd.

 

Especially in the metro areas and where there are younger people.

The events of the last month are forcing me to think about whatever the "next stage" will be for the 30+ years I plan to keep working. I love what I do. Love news. Love presenting the "daily history" where I live. Have had a good run in TV news for 25 years and, perhaps, I could keep on in my current role.

 

The difference is news editors immediately OK overtime in a situation like that if there's nobody to cover the story. Sports? Overtine is not allowed. Period.

 

Not trying to be funny, just paint both sides. Maybe I'm a little hard on management, but I feel like sports newspaper reporters and copy editors and photographers (are there any left?) are loyal, hard working, team players, talented, willing to do anything for the paper/website (skip important family events; work unpaid overtime) and for all that work they get ... laid off, furloughed, treated very very poorly on evaluations, never get raises. If the conditions aren't as bad as I say for sports writers the last 10 years, please educate me. Sorry if I offend. I feel I have to be anti-suit and pro-reporter/copy editor/photographer.

 

Gannett stock closes at 66 cents per share on Tuesday.

 

Four down, 26 to go.

If a stock on the NYSE closes under $1 for 30 straight trading days, it can be delisted.

Some of you may remember the delisting death watch that occurred when Journal Register finally joined Bob Jelenic in the rat-infested newsroom in hell.

Looks like GCI will join JRC soon.