LA Times to cut 250 jobs, including 150 news jobs: Financial News - Yahoo! Finance
LOS ANGELES (AP) — The Los Angeles Times plans to cut 250 positions, including 150 jobs in the print and online news departments, amid a continuing industrywide slump in ad sales, the paper’s editor said Wednesday.
The decline in advertising, fueled by a weak real estate market, has boosted the copy-to-ads ratio above the industry target of 50-50, giving readers more stories than they can digest, while the paper competes for attention with the Internet and TV, editor Russ Stanton said.
Hilarious. If you have more content than ads, it is too much for readers to digest.
I haven’t read a dead tree rag as a regular thing in nearly eight years, but those of you who still do, please tell me: Are you motivated to buy primarily because of the ads?
As to the subject of the article, all I can say is the ever more rapid and obvious circling of the drain on the part of the LAT fills me with glee and mounting anticipation of its inevitable demise.
Submit to Stumbled Upon!
Are you motivated to buy primarily because of the ads?
I used to be. But since the Murk now always has a link to the current ads for Frys on the front page (here’s today’s), the idea of plunking fifty cents into the local dispenser for a newspaper no longer made sense.
The Murk probably didn’t lose much when I stopped buying the paper anyway, because it was only the Friday and Sunday editions that I bought because on those days the Frys ads were typically the largest. :)
I used to buy the NY Post daily, because it was the best entertainment you could get for a quarter. The price went up to 50 cents not long ago, and I don’t buy it daily anymore, though I still pick it up fairly regularly. I’m sorry, but it’s fun to read a tabloid that knows it’s a tabloid and runs with that knowledge.
Ads, in general, annoy me. The fewer the better.