SF_Express said:I have nothing but empathy and hopeful wishes for all involved.
There have been a lot of terrible, short-sighted decisions in this business the past five years.
But now, it's almost a case of they have to do something. Forget 20 percent profit margins ... the bottom line is shrinking quickly -- possibly partly as a result of some completely wrong-headed earlier cuts.
It's just a terrible cycle -- even for the bad guys at the top, at this point.
I'm not saying those trying to preserve an economic picture that wasn't preservable deserve one second of sympathy. But now, at least to some extent, there seems to be little choice.
exactly, SF. this is horrible for the individuals involved and their families. i know people who have been laid off in the past and i know people who will be laid off this time. there is nothing good about it.
but the venom here is misplaced. yes, the CEO types make millions while the rank-and-file make a whole lot less. but that's no different in journalism than in any other business. all for-profit businesses operate this way.
and that's the key. journalism is a business. it's a business that is not making a lot of (or enough) money because of reasons everybody knows. quibble all you want about the definition of "a lot" or "enough" but this is the reality we live in.
no one in particular is to blame for not having yet figured out how to make the new media world as profitable as print used to be. once that's figured out, if it ever is, the journalism business will stabilize.