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Revolving Door Newsletter: 01.24.06
If it's Tuesday, it must layoff time at a newspaper chain. Plus, Radar disbands, for real.January 24, 2006
If it's Tuesday, then another newspaper chain must be preparing to axe a healthy percentage of its employees. This week, it's Knight Ridder, where executives including CEO and nominal heir Tony Ridder himself have drawn up a plan to lay off staff, cut the benefits of those who remain, and reduce the page size of the company's papers, all in an attempt to save $150 million a year and make the company more palatable to interested buyers, according to The Wall Street Journal. A little ...