DFM latest to drop the axe

[MileHigh]

One sports writer in the L.A. group posted on Facebook tonight that all of the sports writers are being forced to take two one-week furloughs this month. He is taking off next week, working a week, then furloughing a second week. He said as bad as that is, none of the sports writers among the 11 papers were laid off. Others in the papers were laid off. He did not elaborate.

Good Lord, seriously? Wow.

 

[MileHigh]

Denver Post had four layoffs in the newsroom today.

Who was left to lay off?

 

[LanceyHoward]

It hit many properties

MNG/Alden just launched a flurry of layoffs and furloughs as local news readership soars in coronavirus crisis

This article, which is from a group of DFM workers newsletter, says the Denver Post laid off 13.

 

[LanceyHoward]

One sports writer in the L.A. group posted on Facebook tonight that all of the sports writers are being forced to take two one-week furloughs this month. He is taking off next week, working a week, then furloughing a second week. He said as bad as that is, none of the sports writers among the 11 papers were laid off. Others in the papers were laid off. He did not elaborate.

I wonder longer LANG has. A document was leaked that indicated in the period ending June 30, 2017 LANG had margins that were only about eight percent, while other papers in the chain had much higher margins.

Leaked financial report shows jaw-dropping profits for 'outlaw' newspaper owner

LANG also is facing a competitor in the LA Times that has an owner who is much more willing to invest in the product than DFM. So LANG has less flexibility to raise subscription rates, etc. to increase short term profits. Given the revenue declines the industry has seen since 2017 and now this I wonder if LANG makes it to Christmas.

 

[Matt Stephens]

This article, which is from a group of DFM workers newsletter, says the Denver Post laid off 13.

Thirteen total, four in the newsroom, I believe. I've heard no reporters were lost.

 

[Readallover]

It will be interesting to how many in the suburban Philly cluster take the voluntary buyout offer. The buzz is take it or be laid off next year when the current contract prohibition against layoffs expires. We'll know by Tuesday how many decided to accept. I'm predicting more than one dozen will decide to go now.

 

[HanSenSE]

From BANG's 49ers beat writer.

 

[Readallover]

I'm hearing all freelancers and paid contributers are gone at the Philly area papers as of Friday. Sports and news sides.

 

[Fredrick]

Is it true there were severe cuts made at DFM properties this week? I mean in the last 48 hours. Any other industry moves to conclude the week? Remember allegedly most cuts are made on Fridays.

 

[2muchcoffeeman]

Yep.

 

[MileHigh]

All Colorado papers. Haven't heard if there are furloughs at the Denver Post, but I suspect there will be.

 

[MileHigh]

Hearing of at least one sports layoff in Boulder. Top editors getting a 10 percent pay cut.