DFM bloodletting continues

I guess shedding all those $40,000 per year journalists will pay for this

https://www.bizjournals.com/boston/...rst-media-wins-auction-for-boston-herald.html

 

How Many Palm Beach Mansions Does a Wall Street Tycoon Need?

 

Lots of departures from LANG yesterday. In addition to main story, scroll down to the tweets, too.

A reporter says farewell to his newspaper home

 

I remember when editors threatened reporters saying if you want to keep your job you HAVE to be on social media. Though it is nice reporters have an outlet to let people know instead of just not having their byline appear for a few weeks.
New newspaper bromide: "Comfort the afflicted and afflict the comfortable - unless they are your employees, then do the opposite."

 

Now you need to be on social media so that people know when you're laid off and can stop texting you scores (and complaints).

 

This is from Ken Doctor on West Coast papers newsroom staffing:

Bay Area - San Jose 41 plus East Bay has an additional 65. BANG has no K-12 reporter.
LANG - About 250 spread across 11 titles.
Portland- Around 80.

Newsonomics: The L.A. Times, California Collapse and Oregon’s New Troubles

 

I'm guessing those numbers include copy editors? And if you're total number of journos to cover the East and South Bay is hovering around 100, I don't even know where you start. That's three counties, two large cities, two more "mini-metros," six major league franchises, two Pac-12 colleges, a major port - more than a few big utilities, dozens of school districts.

 

It's March, so LANG is facing another round of cuts, maybe this week.

 

Dayum. Larry Altman is leaving his job as PR consultant to the Torrance PD.

I keed, I keed.

 

Update on BANG, or, everything we believed about hedge funds.

Feeding on Local Newspapers