quote: As many as 700 -- almost ten-percent of the overall staff -- are on the chopping block at Time Magazine. According to New York Magazine, a whole herd of top-level sacred cows at the New York Times will be given the non-choice of a buyout or a forced layoff within the next few weeks.
And in both cases, it's due to "rapidly declining advertising revenue."
quote: But that's their choice; it's a free country, right? And while I don't wish anyone long-term unemployment in Obama's jobs-barren economy, that doesn't mean the karma of the situation isn’t worth noting. The problem old media is facing with "rapidly declining advertising revenue" isn't only due to the fact that they "suck." It also has to do with the job performance of a failed president they went all-in on to elect and re-elect.
wickowick LSU Fan Head of Island Member since Dec 2006 12870 posts
re: Obama Economy Hits Media: NYT and Time announce major layoffs (Posted on 1/17/13 at 1:53 pm to SM6)
quote: Explain how the layoffs in this instance directly correlates to Obama
I don't read NYT or Time because I feel they are very left leaning and promote an agenda for Obama. I bet many others feel the same. This causes less subscriptions and sales. Less sales causes a reduction in ad revenue. Less revenue leads to layoffs...