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Revolving Door Newsletter: 07.18.08

Even More Job Cuts; Publisher Abandons Newsweek

July 18, 2008
Newsprint's Doomsday Clock ticked a few minutes closer to midnight this week. On top of Ann Marie Lipinski's resignation from the Chicago Tribune on Tuesday, the Atlanta Journal-Constitution announced it's cutting 189 jobs -- 8 percent of its total workforce -- because of "tough economic times." The Wall Street Journal followed suit, announcing via internal memo that it's cutting 50 editing jobs due to "strategic" reasons. And then Newsweek president and publisher Greg Osberg quit abruptly, leaving the Washington Post-owned newsweekly with no successor and no plan for reversing its own downward trajectory. It's clear the industry has ...

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