Malkin: "My Fish Wrapper Is Shrinking" Contributed by Bill Faith
The Old Gray Lady is going on a (a real one, not a Cindy Sheehan one):
The New York Times Co. plans to narrow the size of its flagship newspaper and close a printing plant, resulting in the loss of 250 jobs, the company said in a story posted on its Web site late on Monday.
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Downsizing the New York Times Thomas Lifson
A profitable company is to it built in 1992 as part of a much-hailed visionary strategy to take advantage of technology. But now it is just a cost to be cut. Eight hundred jobs, many of them well-paying blue collar positions (supposedly an endangered species) will disappear, while managerial and professional jobs are being protected.
Normally, this would be a juicy target for series of articles on the front and business pages of the New York Times. You know the drill: a parade of blue collar people victimized by the Bush administration, and now facing a bleak future. Meanwhile the insiders make out fine. There’s even a fat cat CEO whose compensation package has done a whole lot better than its profits or stock. If Howell Raines still were editor, he’d get at least 40 stories out of it.
But ...
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See also great comment.
Contributed by Bill Faith on July 18, 2006 at 09:42 AM in , |